How can a company increase its productivity, while reducing its dependence on primary materials and energy?
The circular economy is part of the answer to that question.
Instead of today’s take–make–dispose linear model of production, the circular economy is restorative by design — using and reusing natural capital as efficiently as possible and finding value throughout the life cycles of finished products. Three major principles govern the circular economy:
FORFIRM's framework adopts an approach of circular economy based on technically viable implementation.
On that basis, by 2050, FORFIRM estimates that capturing all of the improvements as total-cost-of-ownership (TCO) savings could reduce corporate costs by 40 to 60 percent.
Disruptive technologies and business models could help a company to raise resource productivity and cut costs.
The digital and technology revolution could have a disruptive impact on many sectors of the economy.
By adopting circular-economy principles and integrating new technologies and business models, a company could achieve ‘growth from within.’ FORFIRM call this the growth-within approach because it focuses on getting more value from the existing stock of products and materials, while decoupling value creation from resource consumption. The concept rests on three principles: preserve and enhance natural capital, optimise yields from resources in use, and make the system more effective by removing negative externalities
The FORFIRM approach not only reduces structural waste and gives consumers new choices but also creates significant economic benefits.
Building a circular economy requires complex efforts at the local, national, regional, and global levels. To transition from the current trajectory to a circular one, companies must undertake six actions: regenerate, share, optimise, loop, virtualise, and exchange—the FORFIRM framework:
In different ways, these actions all increase the utilisation of physical assets, prolong their life spans, and shift the use of resources from finite to renewable ones. Moreover, each action reinforces and accelerates the performance of the others. Separately and together, they could have a profound impact, increasing cost competitiveness substantially.
Not all of the technological advances will reduce costs; many might improve performance instead, and in some cases, the technology will need time to make a difference. But the analysis is persuasive: the circular economy carries a transformational potential that business—and society—would do well to take seriously.
FORFIRM takes care of your needs and challenges from the beginning offering you an independent and complete definition of the process before proceed in the execution. Our joint venture starts without obligation your side, and together we design the goals, identify risks, solutions and budget
We invest the 70% of our profit in R&D into delivering methodologies and experimenting with new paradigms. Our technology partners are accurately selected and tested in the FORFIRM environment or laboratory. Our observatory screens over 400 start-ups per year
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