CIRCULAR ECONOMY

cropped-RP_Circular_Procurement-1.pngYOU HAVE DECIDED TO EMBARK ON THE CIRCULAR ECONOMY JOURNEY – DO YOU KNOW WHY?
During the last century, the world experienced enormous economic growth, which led to more prosperity in developing countries. As populations continue to grow and markets become more globalized, material consumption increases as well. By 2050, global resource use is expected to have tripled. This will further increase pressure on society and the environment.

The world faces an unprecedented number of environmental challenges. These are global in scope and interconnected by nature. The human footprint already exceeds the earth’s bio capacity by more than 50 %. More and more companies feel the responsibility to use their influence and abilities to decrease their environmental impact. They started within their own production sites and are now shifting their focus to their supply chain and beyond.

Another incentive to transition into a circular economy is the availability of natural resources. At the current consumption rate, some elements are expected to last no longer than 20 years. This creates major risks and challenges for companies, especially in Europe, where 60 % of fossil fuels and metal resources are imported.

CIRCULAR ECONOMY = INTELLIGENT DESIGN
The Ellen McArthur Foundation defines a circular economy as one, which is defined as an industrial system that is restorative or regenerative by design. It replaces the end of life concept with restoration. It shifts business towards the use of renewable energy, eliminates the use of toxic chemicals, which impair re-use and aims for the elimination of waste through intelligent design of materials, products, systems, technologies and business models. We could call it circular innovation.

COLLABORATION IS KEY
One of the predictions in relation to the integration of circular design thinking is, that complexity will increase. Also, we have to remember, that businesses have to operate in a globalized world where the volatility of markets, the speed of technological progress and the pace of change, in the economic and business environments, will continue to rise rapidly. As a result product life cycles are getting shorter and market demands become more and more unpredictable.

Collaboration with all types of partners and their willingness and ability to share their knowledge will be crucial and the key to a successful development and integration of circular thinking.

WHAT IS YOUR APPROACH TO THE THE CIRCULAR ECONOMY?

  • Which type of business-value models are you currently working with and which ones will influence your business?
  • What would your main challenges be as a company in your transformation proces?
  • How could your business benefit from the Circular Economy?

HOW CAN WE HELP?

  • Awareness: We can help you get started – what is the Circular Economy all about and help you find the main drivers of your circular business
  • Strategy: We can help you select the appropriate circular business models
  • Embedding: We can help you design the circular solution and what is needed to launch it in the market