Transforming Your Business into the Circular Economy

There MUST BE an economic VALUE that can be extracted from the business model across the supply chain of the product.

Have you thought about how to transform your business to follow a “circular” type business model? Common approaches we’ve helped develop include Retain Product Ownership (Leasing, Renting an asset), Extending Product Life (Refurbishment for different use cases), and End of Life/Design for Recycling (DFR).

But to make a circular business model sustainable & repeatable, there MUST BE an economic VALUE that can be extracted from the business model across the supply chain of the product. One of the tools we’ve used in the past is the concept of a “circularity” 4-block to help better understand what type of model works best for your business. This recent example from a HBR article is a good example of this type of approach.

If you’re considering this journey, let us help you think about the best approach for your business. Connect with us here or on LinkedIn.

Let NPI Strategy Group help you think about how to solve this common problem all companies experience when thinking about the end of life of their product or solution.