Suitable digital platforms to address the difficulties faced by stakeholders in the secondary material tradeLast week, the United Nations Development Programme (UNDP) and the German Agency for International Cooperation (GIZ), in collaboration with the Viet Nam Circular Economy Hub, hosted a technical discussion titled “Pathway for platforms accelerating trade in plastic and textile secondary materials.”
A recent UNDP study assessing potential users’ needs for an online secondary materials market revealed that 43% of formal recyclers and 58% of informal recyclers expressed strong interest in such a platform. However, the report also highlighted that 40% of formal recyclers have no need to participate in an online business-to-business marketplace, as business relationships in this industry are often built on trust, direct contact, and long-term partnerships.
To address these challenges, 40 representatives from innovative solution providers, businesses in the plastics and textile industries, recyclers, collectors, and waste traders actively participated in a group discussion. The aim was to find solutions to the issues faced by existing platforms, such as ensuring a stable supply of high-quality feedstock and developing mechanisms to encourage stakeholder participation.
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