The Waste to Wealth 2015 benchmark report by Ireland’s Accenture, a multinational professional services firm providing services and solutions in strategy, consulting, and digital technology, identified five business models that will drive the circular economy. The report estimated that the circular economy could generate up to $4.5 trillion of additional global economic output by 2030. Specifically, recovery and recycling save costs and reduce the volume of waste and landfill. Circular supply chains allow suppliers and partners to use recycled materials repeatedly, saving costs and bringing predictability to supply chains. For example, a clothing company can use new materials to avoid the environmental damage and risks associated with cotton cultivation. Besides, sharing platforms use digital technologies to maximise the use of underused assets, such as hotel rooms, vehicles, or consumer goods. Products-as-a-service replace ownership-based models with usage-based services, such as selling driving time instead of selling cars. Moreover, product life extension relies on remanufacturing and repairing used products to give them a longer life with existing or new customers. Most of the new activities in the circular economy in Vietnam have emerged in the recovery and recycling of municipal solid waste (MSW) sub-segment. Shifting away from current waste disposal practices to… Read full this story
- No coronavirus lockdown for aerospace, defence firms
- Removing all landmines and unexploded ordnance in Việt Nam by 2030, can it be done?
- Why the World Health Organization’s Response to COVID-19 Is Crucial to the Future of Public Health
Assembling a circular economy have 260 words, post on www.vir.com.vn at May 28, 2019. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.