MANUFACTURING + Circular Economy
Supply fully renewable, recyclable, or biodegradable resources
Product As Service
Products are used by customers through leaser or pay-for-use arrangements
Eliminate material leakage and maximize economic value of product return flows
In a circular economy, companies prioritize reuse, repair, and remanufacturing so resources are kept in use for as long as possible, which is essential to reduce greenhouse gas emissions.
Currently, the manufacturing sector in Canada contributes 180.5 megatonnes of CO2 to the atmosphere. Companies are innovating to incentivize clients to return products at end-of-life, including options like deposit-return systems to help curb emissions and waste. When products are returned, companies can credit back the deposit to the consumer so that the resources can be reintegrated back into the remanufacturing process. Once completed, the remanufactured products are tested, provided with a new warranty, and like-new products are offered at a fraction of the original cost. For some companies, the remanufacturing process has also led to additional business opportunities.
Industrial symbiosis is also an avenue to support circularity in manufacturing where waste produced from one company becomes the raw material used in another company’s manufacturing process. In this instance resource recovery, product life extension and circular supplies business models are supported to advance the circular economy.
Awareness of the negative effects of unsustainable consumption and production, and the link to the current linear economy of take-make-waste, is an important priority in today’s society. Governments, businesses, and communities worldwide realize the need to fundamentally and systematically shift patterns of production and consumption. The circular economy offers an alternative and reinvented economic model that is holistic in nature and drives economic prosperity while protecting the environment to benefit society.
We are on the cusp of the circular economy in Canada and collaboration is crucial to advance it.
For information on how to further align efforts to support greater circularity, a customized partnership proposal is available on request. Contact for more information.