The global economy has long operated under a model of scarcity—where resources are finite, consumption is linear, and waste is a byproduct of production. This model, while instrumental in driving industrial growth and development, is increasingly being challenged by the pressing issues of resource depletion, environmental degradation, and climate change. Enter the circular economy: a transformative approach that shifts the focus from scarcity to abundance by redesigning systems to keep resources in use for as long as possible, extract the maximum value from them, and regenerate natural systems.
This article explores the business models that are emerging within this new economic framework, offering insights into how companies can transition from traditional linear practices to circular ones.…
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