Natural resource constraints and global environmental risks are challenging the traditional linear economy – where companies “take, make, dispose”. Companies are facing pressure to adjust to a new circular economy – one in which resources are kept in use for as long as possible, and products and materials are recovered and regenerated at the end of their service life. For many companies this signifies a daunting business model transformation, replete with risks and opportunities. This KBI will examine how companies can successfully transform their business models and capture value and minimize risk in a circular economy. What is the business case for a circular economy? What are the risks involved in a circular economy? What business practices do companies need to adopt to succeed in a circular economy? What guidelines can they follow? What are examples of companies that have transformed their business models to capture value from the circular economy?
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- How the Circular Economy Is Transforming Business
- How Can Companies Prepare to Succeed in the Circular Economy?
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