An illuminating diagram from PwC on the principles that define circularity and the guiding strategies that can help industries integrate within the circular economy. Between the “Production/Distribution” and “Consumption” phases, the final aim of these strategies is simple: maximize the use of renewables and minimize value leakage across the value chains.
What is important is that the diagram shows that circularity isn’t just about the concept of reuse. Instead, it is a complete package of complex processes and strategies that require significant investments, swift interventions from the private and public sectors, and major collaboration between multiple players from across industries.
At GP Green Power Holding, we have learned that circularity requires early investments in innovation management and research and development efforts. We are inventing new technologies that can be transformed into viable products through sustainable design. These smart products are needed to fill the circularity market’s gaps to achieve consumption.