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Beyond a trend, the circular economy is an opportunity for companies to rethink the way in which we are generating value, not only economic but for the comprehensive well-being of our societies and considering that our earth's resources are limited. Being a model that seeks to manage resources in a sustainable manner, there are practical tools to implement processes that incorporate the principles of the circular economy within the operation of organizations, regardless of their size, line of business and industry. Have you thought about implementing projects based on the circular economy and don't know how? Take note of the 5 models that you can apply within your company: 1. Resource recovery model this is probably the most adopted type of model in the industry so far. It is based on the principles of industrial symbiosis of transforming waste into secondary raw materials to obtain additional uses of resources and extract more value from them, avoiding their final disposal.
This type of model is led by recycling Poland Phone Number List companies (mostly plastics) but valuable collaborations have also resulted between large corporations and smes to address this challenge; for example, when a company that generates large quantities of organic waste makes an alliance with a supplier with sufficient capacity and technology to transform this waste into biogas and use that energy in its own operation. 2. Circular supply chain model as its name indicates, it is focused on the process of design, supply and manufacturing of products to minimize production waste, from 2 perspectives: the use of renewable energies in the product manufacturing process to reduce the emission of greenhouse gases and maximize the use of natural resources (energy, fuels, water and raw materials). And the use of renewable materials that can be recovered and reintegrated into their use, such as bioplastics.
To implement this strategy, companies have the challenge of prioritizing and choosing the most viable operational and commercial alternatives. Unlike the model to recover waste that focuses on the final disposal stage, once the waste has already been generated, a circular supply focuses on making changes from the beginning of the production cycle, in the origin of the inputs and the way in which the product is going to be made, preventing it from becoming “garbage”. 3. Product life extension model contrary to the traditional model of “planned obsolescence” in which easily disposable products are designed with a useful life of 1 to 2 years, in this model the company focuses its value on offering products that have a long life, directing its efforts towards design phase, considering repairs, replacement parts, upgrades, remodeling services and resale of the product in secondary markets.
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