The “circular economy” is about more than just sustainability or preserving the environment. It’s a new economic model based upon the idea of maximizing the lifetime value of resources for as long as possible, whether through recycling, reuse or sharing. It’s a concept that underscores the growth of the so-called “sharing economy” and is paying benefits in the form of new product concepts and improved customer engagement.
The Conference Board recently published a report that defines the circular economy and offers examples of how it’s changing the way some businesses work. Thomas Singer (left), who authored the report, joins Paul Gillin and I to summarize its findings and discuss the long-term impact on businesses and marketers.
Thomas is a principal researcher in corporate leadership at The Conference Board and author of numerous publications, including “Driving Revenue Growth through Sustainable Products and Services” and the comprehensive corporate sustainability benchmarking report “Sustainability Practices.” You can listen to our 19m podcast here: