How circular economy practices can help your business dare to be bold through new business models that preserve the environment for future generations.
In contrast to the "take-make-waste" linear model, the circular economy model is restorative and regenerative. As defined by the Ellen MacArthur Foundation, it represents a new systems approach for companies based on three principles: eliminate waste and pollution, keep products and materials in use, and regenerate natural systems.
Digitalization keeps waste-reduced products in the loop and unlocks long-term revenue streams in the transition towards the circular economy.
Circular economy practices mean rethinking how organizations operate within their environment and value chain ecosystem. It requires embracing bold new business models, based around eco-design and product reusability. It means striving to eliminate waste from your operations in all its forms, from minimizing power use and chemical products, to making sure products are designed to have long lives. And it means integrating disassembly considerations into a product's design stage to support its reuse.
The circular economy offers a radical new approach to business-as-usual. But as with any radical approach, it means grappling with existing legacy structures and processes. Many current production operations are based on the “take-make-waste” model. Circular economy solutions mean rethinking operations from the ground up, and that means you need a full view of your operations and a way to simulate a new model before making the physical changes to your business.
Creating a framework where circular economy practices can grow and thrive can be achieved in a number of ways:
Establish eco-design practices: Leverage lifecycle assessment to look beyond traditional siloes, track the environmental impact of products and engage the whole supply chain.
Design for recyclability: By taking end-of-life and disassembly factors into account at the beginning of the process, designers can create products ready-made for circularity.
New materials: Research into new, sustainable materials and bioplastics can create a greener product lifecycle.
Dassault Systèmes 3DEXPERIENCE® platform can provide organizations with the solutions they need to establish the holistic view of production chains necessary for transitioning to circular economy practices.
Eco-design, develop and simulate new products; taking into account their manufacture, maintenance and end-of-life for a service economy.
Optimize the use of materials to their pure functional needs while maintaining the manufacturability, testing and development of new materials.
Integrate the disassembly process directly into product development and manufacturing engineering.
Discover related challenges
Rethink how your operate across your entire value chain to reduce your carbon footprint.
How to move to a next-generation energy landscape to reduce your energy use footprint.
Achieve low-carbon production and reduce pollution and energy consumption by implementing sustainable solutions throughout your operations and your supply chain.