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A Circular Economy Handbook for Business and Supply Chains: Repair, Remake, Redesign, Rethink
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A Circular Economy Handbook for Business and Supply Chains is an easily digestible and comprehensive handbook that provides a clear guide to the circular economy, helping the reader create future-fit, sustainable strategies. Real examples across a range of market sectors help businesses, students and policymakers understand the theory and fast-developing practice of the circular economy.To help the reader generate ideas, A Circular Economy Handbook for Business and Supply Chains provides a holistic framework for the design and supply chain and supporting business models, and includes tools the reader can use to get started.Whilst growing global consumption presents fantastic business opportunities, our current linear systems (take some materials, make a product, use it and then throw it away) are not fit for purpose. The circular economy unlocks this problem by decoupling resources from consumption. Engaged businesses are re-thinking product design, material choices, business models and supply chains. A Circular Economy Handbook for Business and Supply Chains is a must-read for anyone who wants to apply the circular economy today.
Product details
Paperback: 432 pages
Publisher: Kogan Page; 1 edition (December 28, 2016)
Language: English
ISBN-10: 9780749476755
ISBN-13: 978-0749476755
ASIN: 0749476753
Product Dimensions:
6.1 x 0.9 x 9.2 inches
Shipping Weight: 1.5 pounds (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
3 customer reviews
Amazon Best Sellers Rank:
#860,893 in Books (See Top 100 in Books)
This book was recommended to me by the Head of Design at Electrolux (who contributed to it), and I was not disappointed. Useful ways to think about how we should escape the "use and discard" mentality of consumerism.
In reading A Circular Economy Handbook for Business and Supply Chains: Repair, remake, redesign, rethink by Catherine Weetman, I was reminded the importance of people taking completely different approaches to a topic. In the case of the Circular Economy Handbook, I was caught completely off guard by her deep and pervasive focus on the environment, renewable resources, and social value.There will always be a recycling component to any discussion of circular economies because they embrace a move away from ‘linear’ production and resource utilization models where goods have a limited useful life and become waste once they reach the end of it. For example, Weetman’s study of the amount of water required to feed a rapidly growing population (1 litre per calorie), raises the stakes for anyone who is only looking a circular model for cost reasons.Today procurement is primed to seize upon the idea of the circular economy. We’re already buying everything as a service, even though much of it was already a service, just provided under different circumstances or a different title. Why not take the flexibility and efficiency of –aaS and apply that to straight product categories.In a circular economy, materials are chosen for their availability (influenced most by how renewable they are) and recyclability. Companies buy outcomes rather than products. An example Weetman offers up is the difference between buying a lightbulb and signing a contract with a company who will provide ‘illumination’. It is access rather than ownership – something that agile companies increasingly recognize as key to creating and sustaining a competitive advantage. And with the all-important need to reduce waste (both because of the rising cost of disposal as well as for more altruistic reasons), the circular model provides an opportunity to reduce costs and shrink the footprint of a company’s impact on the environment.Speaking of environment, Weetman often returns to biological examples and terminology to drive home the importance of the ‘circle of life’ to corporate operational health. There are biological (plant and animal derived) and technical (oil, metals) ‘nutrients’ that feed companies in the circular economy. And then there are ‘novel compounds’ man-made combinations or chemical creations that neither occur naturally nor can be recycled, or in some cases separated, at the end of their natural life.If you find yourself feeling skeptical that the ROI of the circular economy is worth it, skip straight to page 344 for the business case. While some industries will be affected sooner or more than others – with a heavy emphasis on categories such as fuel and metals – these materials are present somewhere in every supply chain. Better to be prepared too early than too late.
Many will be familiar with the term “the Circular Economy†but perhaps far fewer will know what it really means. Within the general business and supply chain context the author seeks to give – through this book – practical guidance as to how it works to benefit companies-at-large.Built around real-world case studies from many well-known companies, theory and good practice are seamlessly mixed in to show how one may migrate from a supply chain to a supply cycle. Just one changed word can make a world of difference. You don’t even need to be deeply entrenched within the supply chain sector to gain great knowledge from this book, although being able to practically implement matters surely would be the icing on the cake.Of course, there is no one rigid formula to approach to change a chain to a cycle. Each business and industry sector will have differing requirements, even if the headline cycle may appear the same, so different models, trends, requirements and frameworks can be examined and considered through this relatively compact, yet powerful book.The author has done a good job in making this book accessible to readers on all levels, its open style works with academic references and influences. The reader may, if desired, dig deeper whilst being a light-ish read for everybody else. It manages to cover a lot of information within a few pages to great aplomb.
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