The Circular Economy as a Model for the Future

From food and clothing to consumer electronics and vehicles, conscious consumerism is a global rising trend. Increased awareness on sustainability throughout the product lifecycle – from environmental-friendly sourced materials, green transportation choices, more efficient supply chain procedures and recycling practices once the product reach its end of life – circular economy represents a fundamental societal shift that puts pressure on manufacturers.

On top of this, there are strict regulations coming from the European Union (EU) Corporate Sustainability Directive that will make sustainability reporting mandatory in 2023 for thousands of companies. The new rules must be taken seriously, or companies will face severe penalties for violations.

How can companies and their products become more sustainable? How can they manage their entry into the circular economy? What digital tools are already available to help with this initiative? Find answers to these questions and more in this white paper.

The Circular Economy as a Model for the Future

IF NOT NOW WHEN?

Awareness of sustainability and the need to build a circular economy is growing. According to a study by management consultants Ernst and Young (EY), 7 out of 10 consumers are already specifically buying products whose suppliers produce in an environmentally friendly way, who operate sustainably, recycle, and use natural ingredients.

For 74% of the decision-makers, sustainability is one of the primary drivers of change. But how can companies and their products become more sustainable? How can they manage their entry into the circular economy? We will focus on this over the next few pages in this white paper.

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