TWICE COMMERCE

Weekly circular updates you NEED to know📝👇 Here is what happened this week: 1. Fashion Leap for Climate new members ASOS, Boozt and the Selfridges Group have joined the Fashion Leap for Climate initiative, while Cascale, formerly the Sustainable Apparel Coalition, has become a strategic partner. 2. US Government Accountability Office Report “Federal Entities Should Collaborate on Reduction and Recycling Efforts” report from last week. Textile waste is growing: 📈US imports of textiles/apparel are up 182% between 2000 and 2023 and textile waste is estimated to be up over 50% from 2000 to 2018. 👚Discarded textiles are not counted or reported by States to the Federal government. 3. GOTS get to EPA recommendations The Global Organic Textile Standard has been officially recognised in the Recommendations of Specifications, Standards, and Ecolabels for Federal Purchasing by the US Environmental Protection Agency. 4. BHRRC Report A latest study released by the Business & Human Rights Resource Centre identified an alarming pattern of labour rights infringements, implicating a multitude of fast fashion and luxury brands. 5. "The Cost of Inaction: A CEO Guide to Navigating Climate Risk" New report from the World Economic Forum and Boston Consulting Group. 📉 Companies that don't take action face significant financial risks, including reduced earnings and asset devaluation. (5-25% of their 2050 EBITDA at risk) 📈 Investing in climate adaptation measures can protect businesses from these risks: companies reporting $2 to $19 back for every dollar invested. 6. Rubi wins nearly $1m NSF grant Rubi, a company specialising in carbon capture and conversion technology, secured a grant to further advance the production of CO2-based, low-carbon cellulose for the textile sector. Chat us up below. What do you think of recent news?

Insight of the week: 85% of textile waste in the landfill comes from consumers. We're consuming resources faster than the Earth can keep up. → 92 million tonnes of textile waste are created annually. → Consumers buy 60% more clothing than 20 years ago. Read more about how you can join the "change-makers" club here → https://lnkd.in/dpQCkbY6

Outdoor brand that have stepped up to champion sustainability🌍👇 Finisterre. Since day one have taken a pioneering approach to making better and more sustainable product. Their circular initiatives include: 1️⃣Designing a Circular Product Repairs team work closely with the product team to feed back construction improvements; from improving repairability to building in mono-material that doesn’t need to be separated. This helps improve the end-of-life recycling process carried out by our partners at Reskinned and Project Plan B. 2️⃣Repairs Customers can select the repair they need to book below, ‘purchase’ it, and send back the garment using the instructions sent by email. 3️⃣Tutorials + Product care Video series that teaches to care/repair Finisterre products. 4️⃣Take-back Customers can trade in old clothes for credit to spend at Finisterre store. Cutting down unnecessary waste and extending the life of these enduring garments. 5️⃣Resale Reskinned - resale platform where one can find pre-loved Finisterre gear. 6️⃣Recycling Project Plan B developed a technology which mechanically recycles post consumer polyester back into clean, compact rPET pellets. These recycled PET pellets have now been made into Finisterre buttons. Read more in the carousel👇

To secure buy-in, ROI and competitiveness with circular initiatives👇 Present clear solutions backed by competitor examples, and propose small pilots to validate ideas. 1️⃣ Qualify what models make sense for each of your product categories (if any). 2️⃣ Identify the critical bottlenecks and profit drivers in the combinations of business models and product categories. After this, you are 10x better equipped to reach out to and qualify potential service providers.

I'm Niklas Madsen, a Circularity Designer from Circular Link👋 I'm taking over TWICE's page to share my favourite circular resources! Books: → Cradle to Cradle by William McDonough & Michael Braungart. Podcasts: → Circular Link Podcast that I’m co-hosting with Erland Riis Lavsen, which will dive into circularity and sustainability insights. Creators: → IDEO for their focus on human-centered design. → Ellen MacArthur Foundation for their pioneering work in circular economy principles. Tools: → Prodikt, a platforms where you can simulate you building materials CO2. What are some of your favourite resources?

5 reasons to launch rentals? (and why consumers love it) The sharing economy is to grow 2133% in the next 12 years. Here's why the renting model is gaining more and more popularity now: 1️⃣Producing fewer products 2️⃣Increasing the visibility of the brand 3️⃣Reaching a different type of customer 4️⃣Backing up sales during uncertain times 5️⃣Accessible for customers who can't purchase a product upfront. The best thing you can do for your business is to jump on the wagon now, as the overall market is growing rapidly. This means there is room for everyone to grow. Have you ever considered a renting model for your business? Share in the comments👋

Weekly circular updates you NEED to know📝👇 Here is what happened this week: 1. Shein appoints experts to ESG advisory body Shein appointed former CottonConnect chairman Ram Gidoomal as chairman of its new External ESG Advisory Board. Shein also established 'Regional Strategy and Corporate Responsibility Committees' to provide independent advice to Shein’s leadership team. 2. YouGov Christmas survey More than a quarter of Brits (27%) attending a festive event this year are planning to buy pre-loved party outfits, a new YouGov survey on behalf of Oxfam has found. 3. Reiss repairs and alterations service Reiss is trialling a repairs and alterations activation with SOJO at its Kent House and Long Acre stores in London. Premium retailer Reiss is trialling a repairs and alterations activation with SOJO at its Kent House and Long Acre stores in London. 4. Paul Mescal to sell wardrobe on Vinted Paul Mescal is selling his wardrobe from the Gladiator II promo tour on Vinted. The pieces will be available to buy from 16 December 2024. 5. Hugo Boss establishes material recycling company Hugo Boss announced the creation of Eightyards, an independent company that will recycle and reuse the company's surplus materials. Chat us up below. What do you think of recent news?

One mistake companies make when starting with circular model👇 Overfocusing on handprint analysis. Focus 80-90% of the initial time on modeling the business case. 1️⃣ Figure out your best guess for the unit costs 2️⃣ Identify the critical profit drivers you need to excel in 3️⃣ Go to the market to find the best solution or team to work on those After this, you are 10x better equipped to reach out to and qualify potential service providers. We often over-invest our headspace in handprint analysis and various impact analyses. They are important, but quite often they don't define whether the initiative gets to live past the POC phase.

Insight of the week: Recommerce grows faster than overall retail📈♻️ The recommerce market is projected to: → Grow 5x faster than the overall retail market by 2025. → Be worth 120 billion euros by 2025. Read more about how you can join the "change-makers" club here → https://lnkd.in/dpQCkbY6

Coca-Cola abandoned its recycling and emissions targets👀 (for the 5th time) As one of the world's largest plastic producer. Big companies are stealthily shifting their goals to 2050. Now, more than ever we need to support the change you want to see in the world. → Prefer pre-loved. → Maintain, repair, and look after the products you own. → Review your consumption habits and favour durable, timeless brands with transparent supply chains. See more in the video👇