Circling Success - Circular Business Models

According to Accenture Strategy Research, 94% of companies surveyed, report implementing elements of circular supply chains. Out of which 44% have invested in circular supply chains for recovery and recycling and only 18 % of companies have put in efforts in reusing or refurbishing materials they have captured at the end of life.

Recycling waste materials within a company's operations only scratches the surface when it comes to capturing value out of the circular economy. While many companies remain at surface level, first movers go beyond basic recycling and realize significant value by closing the loop.

The first movers have a holistic vision, coupled with effective leadership, that lets them move to circular business models and sets them apart from others.

To fully deliver value to people and the planet -circular efforts need to expand beyond the low-hanging fruit like recycling and more to other circular business models like:

Circular Supplies: Provide renewal energy, bio-based, or fully recyclable input material.

Resource recovery: Recover useful resources out of disposed products or by-products.

Product Life Extension: Extend the working lifecycle of products and components by preparing, upgrading, and reselling.

Sharing Platforms: Enable increased utilization rate of products and components by making possible shared use/access/ownership.

Product as a Service: Offer product access and retain ownership to internalize the benefits of circular resource productivity.

Download:

Closing the Circle

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Sources/Notes:

Accenture Circular Economy in Supply Chain

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