by Jessica Bass
The use of one manufacturer’s discarded materials as inputs along the line of another manufacturing process holds strong potential for helping maximize efficient environmental, economic, and social aspects of resource use. This practice, known as Industrial Symbiosis (IS), is an emerging area of study within the field of Industrial Ecology, focused upon encouraging cooperation and exchange and resource recovery among businesses. These efforts to facilitate mutually beneficial and sustainable trade can be seen both in individual firm-to-firm exchange, and at the scale of Industrial Symbiosis Networks (ISNs), involving the interconnection of multiple relationships among firms. The potential improvements in efficiency stemming from ISNs are typically economically advantageous for businesses, yet very little research has previously been conducted to cultivate the creation and maintenance of these networks. Albino et al. (2015) seek to analyze the different factors that disrupt the formation of ISNs, and to design a model contract that will offer the greatest support for ISNs in in the presence of these challenges. Continue reading