What is an industrial symbiosis?
What is an industrial symbiosis you may wonder? To put it simply it is a situation in which different businesses create a network of connections to foster a long-term relationship. Thanks to this network organisations are able to introduce innovation and improvement in their industry, share information, and create new solutions that may have been unreachable had they worked on their own.
Working in isolation
When working in isolation companies may waste time developing the same solutions, produce the same items or share the same resources. It used to be presumed that for industrial symbiosis to operate efficiently the companies involved had to be located in the same area. But in a modern world that thinking has changed as sharing knowledge and expertise has no restrictions.