The linear take-make-dispose model is no longer viable in the face of rapid population growth, a burgeoning global middle class and the skyrocketing consumption that will inevitably follow. Our resource base is dwindling while greenhouse gas emissions continue to rise. It’s now safe to say that if we continue with business as usual, companies will face an unpleasant future of price volatility, inflation of key commodities and an overall decline, and in some cases, depletion of critical material inputs. This is why businesses are turning to the circular economy to successfully tackle these challenges.
Considerable attention is being paid to capturing resources at the post-consumer stage of the product lifecycle. But even with advanced systems and technology, how practical and realistic is it to truly create a circle that constantly re-uses?