BPMBC CIRCULAR ECONOMY AND SUSTAINABILITY SURVEYS.
Circular economy involves sharing, repairing, reusing, retrofitting, leasing, refurbishing and recycling of used materials and products for extended life. This entails reduction in waste. When a product reaches the end of its life, its materials can be productively used over again thereby generating value and reducing the burden on the environment.
Several of the large conglomerates today are focusing on the Circular Economy aspects of the business. Though the task is mammoth, it needs to be started somewhere. The earlier the companies start they will remain as the forefront runners in their industry domain. Consumers today prefer green products and may pay extra for the products and services they purchase.
Achieving perfect Circular Economy may not be possible, however, optimising to the closest point will be the goal for manufacturers and service providers. It is estimated that the total business for Circular Economy is set to over US$ 4 Trillion by 2030. Having a share in this business, companies can drive growth. Every company will need to revisit their solutions and derive results in accordance with their sustainability initiatives. They will also need to work with their suppliers and customers for an effective implementable strategy.
Call us to discuss, how we can help achieve your Circular Economy goals.
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