Circular economy business models can help companies cut costs, reduce waste and improve efficiencies.
But shifting from a linear take-make-dispose model to a circular approach where products and resources are reused and recycled can be tricky.
“You are talking about changing entire business models and ways companies do business,” said Jennifer Gerholdt, US Chamber of Commerce Foundation Corporate Citizenship Center senior director, environment program. “You need to get buy in at all levels of the organization and shifting to the circular economy requires partnerships and collaboration among many stakeholders.”
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