The white paper "Successfully Implementing the Circular Economy" from Quality Austria offers companies a guide to integrating the circular economy. It describes how innovative product designs, customised business models and digital technologies can help to make processes more sustainable and use resources more efficiently in order to achieve both environmental and economic benefits.
One of the recommendations is to develop circular product designs that enable longer use and higher recyclability. In addition, different types of business models are presented that can help companies move from a product-centred approach to a service-oriented strategy where products are rented or leased rather than sold.
For the transition to a circular economy, it is also of great importance to drive digitalisation forward. Smart technologies and connected products enable more precise monitoring and customised optimisation of the entire value chain, which in turn improves efficiency and sustainability.
You can download the white paper here:
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