The circular economy eliminates the concept of waste and recognises that everything has a value.  This includes looking at waste as the underutilisation of resources.

  • Circular supply chain:  Introduces fully renewable, recyclable, or biodegradable materials that can be used in consecutive life cycles.
  • Recovery and recycling:  Creates production and consumption systems in which everything that used to be considered a waste is revived for other uses.
  • Product life-extension:  By maintaining and improving products this model elongates their life.
  • Sharing platform:  This model helps consumers save money and make money while more effectively using assets.
  • Product as a service:  Performance of a product is valued over volume of sales and “leases” products instead of selling them.