Material Mastery | Circular Transition Accelerators’ Post

Is a Circular Economy worth the hullabaloo? In an effort to answer a question that I am often asked, or one that I often ask myself, I identified four significant concerns across key stakeholders. Bringing them to you- Businesses- Will adopting #circularity necessarily translate into a negative hit on company profits? No. This #McKinsey study estimates that a circular economy could represent a revenue opportunity of more than $1 trillion in Europe alone in 2050. People- WIll circularity mean lower investment and fewer jobs? No again. As much as $100 billion of investment is estimated to be required for achieving the goal of 20 to 30 percent recycled content in plastic packaging. Consumers- Will circularity signal lower consumption? No, it means more judicious consumption. Reusing and repurposing are essential components of a circular economy. Economy- Will #ESG loose supporters and investors in the times to come? Hardly. Companies, particularly consumer goods companies, which commit themselves to environmental, social, and governmental (ESG) metrics, will stand to become leaders of the future, paving the way for others. Any other thoughts? #thinkbigplansmall

With consumers looking more closely 🔎 than ever at the sustainability 🍏 credentials of what they buy 🛒 and how it’s produced 🏭 , circularity has never been more important for manufacturers. More ↗ than 40% of manufacturers in @Make UK and @PwC UK's Executive Survey feel demand 📈 for sustainable products and services is being driven by customers. Manufacturers embracing circularity 🔄 will drive competitive advantage by meeting consumer expectations 😊 , all while accelerating their net zero transformation 🌍 . Quentin Cole Carl Sizer Nick Atkin Chris Temple Bryan Hartlin Discover how manufacturers can unlock the potential of circular manufacturing: https://bit.ly/3QLsvBZ #Circularity #NetZeroTransformation #Manufacturing #CircularEconomy

McKinsey highlights the circular economy as a crucial approach to addressing climate change and a significant business opportunity, potentially worth over $1 trillion by 2050 in Europe alone. They emphasize the need to transition from a linear consumption model to a circular one, urging industries like FMCG, textiles, and electronics to adopt sustainable practices such as recycling and using biodegradable materials to enhance resource efficiency and reduce emissions. https://lnkd.in/e7ayW2DJ

🌍 Transform waste into wealth! Over $1 trillion in unrealized opportunities can be unlocked by embracing circularity, according to this recent report from McKinsey & Company. Discover the key principles of a circular economy, and how they can reshape the future of consumer goods. ♻️ #TheBetweenChemistry #ChemicalRecycling #Innovation Read more: https://lnkd.in/edgm9ttU

According to McKinsey & Company's recent report (https://lnkd.in/edgm9ttU?), "What is circularity?", bolstering the circular economy not only combats climate change but also opens up a $1 trillion opportunity. Every year, $2.6 trillion worth of material in fast-moving consumer goods is discarded, never to be recovered. The report highlights that circular business models bridge the gap between sustainability and economic efficiency. By replacing the linear consumption model with a circular one, we can tackle climate challenges and enhance sustainability. Encina is dedicated to producing circular chemicals, an important aspect of plastics circularity. Join us in paving the way for a more sustainable future where nothing is wasted. #CircularEconomy #Sustainability #CircularChemical #AdvancedRecycling

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

At Copenhagen Business School recent discussions on a workshop around circularity in business and procurement, the focus was clear: how can we rethink our approach to sustainability by embedding circular principles into our supply chains? The circular economy isn't just a trend, it is a necessity for businesses to thrive in a resource-constrained world. Sustainable procurement, is a powerful tool to ensure suppliers alighn with ethical sorucing, reduce carbon emissions, and adopt eco-friendly materials. This extends responsibility beyond price and quality to include environmental and social factors. Circular business models, companies are moving away from linear ''take-make-dispose'' models. From product life extension through refurbishment to producs-as-a-service (PaaS) models, business like Tesla and Patagonia are reducing resource use and maximizing the value of their products over time. Supplier segmentation for upstream decarbonization, it is not enough to reducse emissions in-house-collaborating with suppliers and understanding their environmental performance (like energy consumption, water use, and GHG emissions) is essential for decarbonizing entire supply chains. Circular loops, key principles such as Closing, Slowing, Narrowing, Intensifying, and Dematerializing help businesses maximize resource efficiency, reduce waste and ultimately improve sustainability. For example, Apple recovers valuable materials through closed-loop systems and repurposes them into new products. Exploring circularity in manufacturing, the shift to circularity production involves designing for recyclability, creating closed-loop supply chains, and collaborating with partners on material recovery. In Denmark, for Instance, there's a strong focus on increasing recycling rates and reusing materials to reduce reliance on virgin resources. By focusing on regulatory compliance, cost savings, consumer demand for sustainability, and supply chain resilience, companies can embrace these changes not only to reduce their environment impact but to gain a competitive advantage. It is definitely time to rethink how we source, and transform the supply chains towards a more sustainable future. #CircularEconomy #SustainableProcurement #Sustainability #GreenBusiness #SupplyChain #Decarbonization #Innovation #CBS

For the past few years, the circular economy has already instigated transformative shifts across almost all industries. And with the tightening European legislation on waste management and investment in the circular transition gaining traction, it becomes clear that circularity is no longer a buzzword, it’s a necessity for those who want to stay competitive. 💰📈 But what are the 3 main drivers propelling the shift towards textile circularity in the EU? 🤔 1️⃣ Shifting Consumer Demand: McKinsey & Company research shows that sustainability matters to nearly 40% of European consumers, driving demand for circular products. 2️⃣ Regulation: From the Green Deal to Circular Economy Action Plan, policies are guiding the textile industry towards net-zero emissions by 2030. 3️⃣ Technology & Innovation: Breakthroughs in textile recycling, traceability, and design-for-disassembly tech are paving the way for a faster transition to circularity. For a deeper dive, check out our latest article on the circular economy business model as the new standard of doing business 💡 https://lnkd.in/e78GZwg9 #Resortecs #CircularEconomy #TextileInnovation #EURegulations

. Circular = $712 billion opportunity by 2026. . Circularity gets traction as it is rooted in economic realities. Thank you for sharing Harald Friedl. . #circulareconomy #circularity #supplychain #economy #sustainability #zerowaste #leadership #impact .

Circularity is a sustainable economic model where resources are reused, reducing waste and environmental impact. It operates on three principles: preserving natural capital, optimising resource yields, and eliminating negative externalities. Gurobi Optimization can play a critical role in enhancing circularity. We do this by helping to optimise resource allocation, supply chain management, and production processes, ensuring efficient resource use and minimising waste. For more details, visit McKinsey & Company's article on circularity. https://lnkd.in/gC9Si23F #Optimisation #Gurobi #McKinsey #ESG