Jun 11, 2018
Imagine a world where there is no waste. Where a product is made, used as intended, returned at a collection point and then serves as the input for a new product. This describes a circular economy.
For generations, affluent societies have operated on a linear model where old or used parts and equipment are perceived as waste. A circular economy model challenges us to shift our thinking to a systems approach where “waste” is a resource, and innovation is essential.
A circular economy has three key elements:
- Use “waste” as a resource.
- Design for the future.
- Adaptive business model.