April 2021
Beginner
432 pages
12h 5m
English
Content preview from Circular Economy For Dummies
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Chapter 5
Identifying Your Business Opportunities
IN THIS CHAPTER
Identifying the bottom-line benefits for a business to go circular
Rethinking your business model and supply chain
Seeing how going circular will help the long-term outlook of your business
Chapter 2 talks about all the things wrong with the traditional linear economic model of take-make-waste. In this chapter, we help you explore the benefits for businesses whose leaders take up the challenge of rethinking, redesigning, and reimagining how their business operates as well as how it provides value to its customers.
Exploring the Benefits of Going Circular
The circular economy is not only an important step in protecting the environment and the world’s natural resources, but it also turns out that there are numerous benefits for businesses that take a circular approach to their products, processes, and customers. Such benefits include increasing profits and lowering costs, reducing pricing volatility and ensuring greater security of the supply chain, generating new demand for products or services, and improving the quality of the interactions with customers as well as boosting customer loyalty.
Exploiting the profit ...
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