A circular business model is about keeping resources in the loop and avoiding any materials becoming waste. Looping is a company that takes responsibility for the product’s lifetime by keeping ownership and tracking, repairing, upcycling and at large making sure that the products are used as many times as possible.
By providing Modulcover™ as a service, Looping takes responsibility for maintenance, repairs, logistics, and technology, allowing customers to have an optimal reusable packaging experience. As a result, Looping eliminates the need for single-use packaging while also making customers more resource-efficient.
Looping offers access to packaging on a pay-per-use basis, making it possible to meet the price point of the previous method of packaging modules with single-use plastic. By retaining ownership of the covers, Looping is motivated to design and produce the highest quality products possible, providing service and maintenance between uses to ensure maximum cover lifespan.
Looping controls the entire vertical value chain, ensuring quality service for clients. In day-to-day operations, Looping manages over 5,000 Modulcovers™ in circulation.
Today the world produces 400 million tons of plastic every year. Close to 40% of this plastic is from packaging, approximately 85 % of which ends up in landfills or as unregulated waste (UNEP).