Jawad Abdulsamad’s Post

There is a growing attitude that traditional (linear) organizations can no longer afford to do nothing, and, to remain competitive, they must adapt to the next, circular, economy.  https://lnkd.in/e6zQsq_T #CIrcularEconomy #SustainableSupplyChain #RecycledPallets

It's time to shift to #circulareconomy business models to accelerate #sustainability and minimise waste. This approach redefines #value creation by moving away from traditional linear models in favour of regenerative practices. It emphasises resource #efficiency, spurs #innovation, and offers significant cost savings! This requires businesses to rethink their interactions with customers, moving beyond transactions to cultivate lasting partnerships. SMBs can also capitalise on this approach, particularly because they already maintain close connections with their customer base. https://lnkd.in/d34cKa8e

When a concept starts out as a mere idea... and soon becomes an obvious necessity. Circular economy should be a core fundamental of every business model 🌱 ♻ 🌍 https://lnkd.in/dVu4a92i

The circular economy represents a practical strategy for businesses to merge sustainability with economic efficiency. Not only does this approach address environmental concerns but it also opens up avenues for innovation and cost savings, presenting a compelling case for reevaluating traditional business models. Essentially, it encourages companies to rethink how products are designed and used, promoting a model where sustainability enhances rather than restricts business success. #circulareconomy #sustainability #climatechange

If you're into sustainability and innovation, you’ve got to check out McKinsey & Company's latest report on the circular economy. It’s a game-changer for anyone looking to move away from the old "take, make, waste" model. 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝘆 𝗶𝘁’𝘀 𝘄𝗼𝗿𝘁𝗵 𝘆𝗼𝘂𝗿 𝘁𝗶𝗺𝗲: 1. 𝗘𝗮𝘀𝘆-𝘁𝗼-𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀: Learn how to design out waste, keep products in use, and help regenerate our natural systems. 2. 𝗕𝗶𝗴 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: See how adopting circular practices can boost economic growth, create jobs, and lower our environmental footprint. 3. 𝗖𝗼𝗼𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗠𝗼𝗱𝗲𝗹𝘀: Get inspired by companies nailing it with product-as-a-service, sharing platforms, and resource recovery. 4. 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗧𝗶𝗽𝘀: Find out how to overcome challenges and make the most of new tech to embrace circularity. 🔗 Read the full report here https://lnkd.in/gXQPTYtR #CircularEconomy #Sustainability #Innovation #McKinsey #GreenFuture

Just wrapped up an insightful class on #Circular #Economy: exploring sustainable #innovation opportunities for established companies, start-ups, and platform businesses. Here are a few key takeaways: 🌱 #Residual Value: A cornerstone concept in circularity. Maximizing the residual value of products is crucial for extending their lifecycle and reducing waste. ♻️ Closing the #Loop: The shorter the cycle, the better the outcome. The hierarchy of circular strategies—Re-use, Repairing, Refurbishing, Remanufacturing, Parts Recovery, Recycling—emphasizes the importance of prioritizing upstream actions for maximum impact. 📊 Circular Reconfiguration of #Business #Models: Companies must think beyond traditional linear approaches. Adopting a systemic perspective, which incorporates industrial symbiosis both upstream and downstream.. It is on us to believe in a future where children will include wishes to repair their favorite toys in their Christmas letters. As businesses aim to future-proof themselves, integrating these principles can drive both environmental impact and economic value. What are your thoughts on embedding circularity into existing business operations? Let’s discuss! 🔄

In the late 1990s, the internet was a nascent technology often underestimated by established businesses. Today, the circular economy is at a similar juncture. However, the pace of change is now much faster, driven by advancements in technology, new legislation and shifting consumer preferences. As we approach 2030, Henrik Hvid Jensen believes the rest of this decade will be crucial for businesses to adapt to this new paradigm, where sustainability is no longer a choice but an essential component of success.

🌍 Sustainable Innovation: The Future of Business ♻️ In today’s rapidly evolving market, companies that embrace circular business models are not only reducing their environmental footprint but also driving long-term value creation. By rethinking the traditional "take-make-dispose" approach, businesses can unlock new revenue streams, optimize resource efficiency, and build stronger relationships with stakeholders. Here’s how circular models create tangible value: 🔄 Resource Efficiency: By reusing, recycling, and repurposing materials, companies reduce waste, lower production costs, and minimize supply chain risks. 🌱 Product Longevity:Designing products for longer life cycles and incorporating take-back programs enhances customer loyalty and generates repeat business. 💡 Innovation & Differentiation: Circularity fosters innovation, leading to more eco-friendly products and services that resonate with increasingly sustainability-conscious consumers. 🤝 Partnerships & Collaboration:Engaging with suppliers, customers, and industry players on sustainability initiatives strengthens partnerships and creates shared value. Sustainability isn’t just a buzzword—it's a strategic advantage. Companies that invest in circularity today are positioning themselves for resilient growth in the future. How is your organization leveraging circular models to create impact? #SustainableBusiness #CircularEconomy #Innovation #BusinessGrowth #Sustainability #ValueCreation #FutureOfBusiness #EcoInnovation

This is where circular business models come into focus. By optimizing the use of material resources, circular approaches can significantly reduce carbon emissions while also enhancing business competitiveness through improved resource efficiency and closed-loop supply chains. Compelling circular offerings also appeal to customers increasingly seeking sustainable products.

Circular economy refers to the ways in which products, components, and materials are cycled back into the supply chain, instead of disposed of after first use. Circular business models require changes in the core operating methods of a company in addition to a high burden of proof for sustainability. Circularity benefits include extending product life through reselling, and financial benefits from efficient reuse.