Peter Bilello discussed the circular economy, servitization and consequential business model shifts.
Kirstie McIntyre discusses the shift from linear business models and role of the circular economy at HP Inc., specifically, tangible benefits of adopting circular economy principles and their evolving relationship with the customer.
Addressing the product lifecycle approach to re-using goods, remanufacturing goods and remarketing used goods is not only a crucial key to unlocking the benefits of the circular economy but also adds sustainable value to profit margin.
Manufacturers produce millions of products and goods, often with a complex composition of materials. While manufacturers understand the opportunity of doing more with less, closing the loop on materials and thinking about design, adopting the principles of the circular economy is not that clear cut.
The time of a linear ‘take, make, dispose’ model is over. To be more cost-efficient and environmentally friendly, huge movements in sustainability are underway throughout industry. This is leading to a more circular economy and Peter Bilello discusses this shift's implications to technology, strategy and the bottom line.