The circular economy has widespread benefits for society, our planet, AND for business. Whereas most reports tend to focus on macro-economic and sector level benefits, this blog outlines 7 types of circular economy benefits for businesses: Resource security, Regeneration, Risk reduction, Revenue and profit, Relationships, Reputation and Resilience.
In Episode 2, we dig a bit deeper into the way we do business now, the linear economy, and why that’s creating problems for business, society and our living planet. Also, we’ll look at the risks that emerge from those big-picture issues, and how they might affect your organisation. Circular approaches can avoid or mitigate many of these risks, and we’ll be interviewing people in business, social enterprises and other organisations that are using the circular economy to re-think the way we make products and design services. I hope their stories will inspire you to use circular approaches to strengthen your own business.
Article by Catherine, published in Intelligent Sourcing magazine, August 2017 In the endless quest to deliver value, innovative procurement teams are taking a different perspective. Systems thinking approaches are helping to ‘close the loop’ on resources and waste: reducing business risk, increasing resilience and creating long-term strategic benefits. Discussing the circular economy with procurement teams… Read More »The circular economy: a key tool in your procurement toolbox