The Loopcycle product traceability platform has signed up its first catering equipment manufacturer partner in Ecofast Environmental.
The food waste solutions manufacturer’s products will now be assigned a unique product ID, called ‘Cyclecode’, which allows users to track product provenance with their smart device. The technology is designed to embed lasting product traceability at the point of manufacture or resale.
Recently Ecofast ‘loopcycled’ its first products, marking an important moment in both companies’ history.
The platform facilitates visibility and direct interactions between product manufacturers and end users where intermediaries control product distribution. Loopcycle is aimed at unlocking commercial and sustainable value for its users to foster long-term relationships, cost-effectively manage their assets, extend the product lifecycle and improve circularity within the supply chain.
The company was established in 2019 to redefine the management, recovery and resale of valuable secondary products, and drive integrity within the reuse marketplace.
Having started in the commercial equipment sector, Loopcycle aims to expand into other recoverable B2B and B2C goods.