Market Research Report
Circular Economy Solutions for Modernizing Manufacturing
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||918598|
|Published||Content info||13 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
|Circular Economy Solutions for Modernizing Manufacturing|
|Published: December 13, 2019||Content info: 13 Pages; 3 Tables, Charts & Figures||
Circular economy solutions are often positioned as enabling manufacturers to achieve cost efficiencies and facilitate product innovation while reducing the carbon footprint of operations and products. The manufacturing industry faces increasing cost pressures and heightened risk exposure from commodity price volatility, customer preferences, regulatory environments, and geopolitical conditions. Circular economy represents both a challenge and an opportunity for the manufacturing industry. Companies should take advantage of the compelling strategic and operational benefits that circular economy principles offer.
Adopting a circular economy model represents a fundamental shift from a linear value system. It can increase manufacturers' exposure to risks but presents an opportunity for positive economic growth combined with positive environmental social impact. This report outlines the fundamental concepts within the circular economy, details potential business strategies and practices that manufacturing companies can adopt, and provides recommendations for companies taking their initial forays in this area.
This ‘Strategy Insight’ report by Navigant Research, a Guidehouse company, discusses circular economy solutions and their potential. The study details how circular economy solutions differ from other value product chains, and the strategic and operational advantages these solutions offer. It includes recommendations of business strategies and other operational changes. Increasing awareness of the various pathways to the circular economy best enables manufacturing companies to pick and choose the optimal approach.