SUSI Tech’s Post

Embracing Circular Manufacturing for a Sustainable Future Sustainability is now a critical focus for businesses aiming to reduce environmental impact and boost economic viability. Circular manufacturing, an innovative approach, is gaining traction by shifting away from the traditional ‘take-make-dispose’ model. Instead, it seeks to keep resources in use for as long as possible, emphasizing resource efficiency, waste reduction, and product design for durability and upgradability. The benefits of circular manufacturing are both environmental and economic. It aligns with global sustainability goals, reducing waste and emissions, and contributing to a healthier planet. Economically, circular practices are promising, with studies predicting an economic boost of ₹372 lakh crore by 2030 and potential revenue increases of 10% by 2025. The World Economic Forum estimates this approach could create 50 million jobs and generate ₹1,240 lakh crore in economic impact. To succeed, businesses must design products with their full lifecycle in mind, optimize resource management, and develop efficient reverse logistics. While the transition requires upfront investment, the long-term benefits—cost savings, new revenue streams, and enhanced competitiveness—make circular manufacturing a smart, sustainable choice for the future. #CircularEconomy #SustainableManufacturing #ZeroWaste #CleanTech #Sustainabilitygoals #Manufaturing #resourcemanagement

🌍 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

The need for a transition to the circular economy is urgent, and it also presents a tremendous business opportunity for companies that redesign products and services, reconfigure value chains, and engage in meaningful transformation of the systems in which they operate. Product innovation only addresses one part of the problem. Companies operate in a complex system that does not support seamless development, use, reuse, and recycling of redesigned products. Some companies are beginning to look at the systemic challenges, in addition to taking on product innovation. To make meaningful progress, companies need to better understand the full system and collaborate across the supply chain and across sectors. https://lnkd.in/dkupexeK #circulareconomy #recycle #responsiblebusiness #sharedvalue #supplychain #sustainability #environmentalimpact #carbonfootrpint #closedloop

How to apply circular economy to your develops with a good ciclo of innovation, that helps reaching the process.

For circular economy, a "shift-left" strategy emphasizes designing products for longevity and ease of repair or refurbishment. This contrasts with the traditional linear economic model of "take-make-dispose," where products are designed for single use and eventual disposal. The shift-left strategy is relevant in a circular economy because it helps to: * Extend product lifespans: By designing products to be durable and repairable, manufacturers can reduce the need for new materials and waste generation. * Increase product value retention: Products that can be easily repaired or refurbished retain more of their value over time. * Create new business models: The shift-left strategy opens up new opportunities for businesses, such as product-as-a-service models and take-back programs. Overall, the shift-left strategy is a key principle for designing and implementing a circular economy. #strategy #circulareconomy #sustainability #esg #shiftleft #waste #value #businessmodel

An insightful and condensed article on development of #circular #business and #economy - one of the most promising paths for #sustainable #development - and the importance of #collaboration, open #innovation, and #cocreation. 📗🌱 Thanks a lot Lars for the tip! 👌😀

In 2024, businesses are increasingly adopting **circular economy principles** to promote sustainability and reshape their operations. This shift involves rethinking product lifecycles and supply chains to minimize waste and maximize resource efficiency, presenting significant opportunities for startups focused on eco-friendly innovations. ### Why Circular Economy Models Matter 1. **Sustainable Resource Use**: By utilizing renewable, recycled, or biodegradable materials, companies can significantly reduce waste and pollution. This not only benefits the environment but also transforms waste into valuable resources, enhancing overall efficiency. 2. **Innovative Business Opportunities**: Startups can thrive by developing platforms that facilitate sharing economies, product-as-a-service models, and resource recovery strategies. These models encourage collaboration and create new revenue streams while promoting sustainability. 3. **Consumer Demand for Eco-Friendly Solutions**: As consumers become more environmentally conscious, businesses that embrace circular economy practices will resonate with this growing demographic. Offering sustainable products and services can enhance brand loyalty and attract a broader customer base. 4. **Long-Term Cost Savings**: Circular business models often lead to reduced procurement costs and increased operational efficiencies. By focusing on durability, repairability, and recyclability, companies can lower their overall expenses while maintaining high-quality offerings. 5. **Resilience in Supply Chains**: Rethinking supply chains through a circular lens allows businesses to become more resilient against market fluctuations and resource scarcity. By sourcing materials locally and utilizing waste as a resource, companies can stabilize their operations. As we move forward, embracing circular economy business models is not just a trend—it's a necessity for sustainable growth. Let’s innovate together to create a more sustainable future! 🌍♻️ #CircularEconomy #Sustainability #Innovation #EcoFriendlyBusiness

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

You can't go circular alone! In an insightful study, Dr. Anja Eisenreich and Johann Füller unveil the essence of circular innovation in industrial companies, emphasising the critical role of a diverse stakeholder network. Their piece "You Can’t Go Circular Alone – A Stakeholder Approach to Circular Innovation", published last year, outlines the necessity of integrating internal and external collaborators through an open innovation approach to successfully navigate the complex landscape of the circular economy. Key takeaways include: 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐈𝐧𝐯𝐨𝐥𝐯𝐞𝐦𝐞𝐧𝐭: Achieving circular solutions requires engaging with a broad spectrum of stakeholders, from R&D and marketing to suppliers and consumers, highlighting the importance of cross-functional collaborations and co-creations. 𝐎𝐯𝐞𝐫𝐜𝐨𝐦𝐢𝐧𝐠 𝐁𝐚𝐫𝐫𝐢𝐞𝐫𝐬: The paper suggests a strategic three-step process to address organisational obstacles, facilitating the seamless integration of circular innovations within companies. 𝐓𝐡𝐞 𝐏𝐚𝐭𝐡 𝐅𝐨𝐫𝐰𝐚𝐫𝐝: With most firms still at the nascent stages of adopting open circular innovation, Eisenreich and Füller's work serves as a vital guidepost for embracing circular economy principles effectively. Let's discuss: How can businesses better engage stakeholders in their journey towards circularity? Share your insights and experiences! Haven't read the article yet? Read it here: https://lnkd.in/eK8W3Jmh #CircularEconomy #Sustainability #Innovation #OpenInnovation #StakeholderEngagement

Give the lastest ebook by Forrester a read to discover how manufactures can implement greener and circular strategies to thrive in the new landscape! 🌱