Post by RAHIM113 on Jan 26, 2024 20:45:22 GMT -7
Closed Loop / Take Back: Businesses pursing this circular economy business strategy provide a service to collect old or used products and recovering the value in the materials by recycling or reusing them to make new products. Circularity is Not a Perfect Circle “Often when people think of moving to a circular business model, they picture one large, continuous circle for their material flows. However, in many cases, circular business models do not operate in perfect, closed loops.
Most circular business models can be thought of as cascading WhatsApp Number Database flows of materials that stay in use but move across value chains and industries as the material quality or market needs change.” – Owen McKenna, Circular Economy Service Leader, Antea Group USA. This concept may require a paradigm shift in thinking about how a business model can and should operate, as restructuring corporate strategy to fully embrace circularity could force a reconsideration of multiple aspects of a company’s business model including design, manufacturing, distribution, use and disposal at end of life. Companies must re-imagine how their supply chains could be organized to reduce risk. As sustainability and environmental stewardship receive more attention from shareholders, customers, and society-at-large, industry can adapt by leveraging circularity to capture greater value from materials and products and designing out waste. Not a “One-Size-Fits-All” Approach There is no one-size-fits-all approach to achieving circularity. It is an ongoing process unique to each company that will continue growing and improving overtime. Circularity does not happen overnight. Each company will have their own path to circularity that starts with making the decision to pursue a circular business strategy moving away from a traditional linear economy.
Antea Group is engaged in a wide range of circular economy forums and projects around the world, in both public and private industry. Contact Antea Group today to learn more about circular economy business strategies and how they can help you start your journey towards circularity. More About Antea Group: Antea Group is an international engineering and environmental consulting firm specializing in full-service solutions in the fields of environment, infrastructure, urban planning, and water. By combining strategic thinking and multidisciplinary perspectives with technical expertise and pragmatic action, we do more than effectively solve client challenges; we deliver sustainable results for a better future. We serve clients ranging from global energy companies and manufacturers to national governments and local municipalities.
