Challenges like resource availability, volatile commodity prices, and changing consumer preferences are forcing us to rethink wasteful and inefficient models of production and consumption.
More companies are now designing products or services from the start for longer-term use, reuse and recycling. Markets are increasingly disrupted as leasing and sharing business models challenge traditional `linear' models of product manufacture, ownership and disposal.
What's more, governments are recognizing the potential of the circular economy to drive business competitiveness, sustainable economic growth and job creation. China, Japan and the EU are among those with circular policy strategies and programs.
For businesses adopting circular models, benefits include greater efficiency and profitability, less waste and cost, better innovation and stronger relationships with customers. Research suggests the economic opportunity for business is huge. In Europe alone, adopting circular principles could generate net economic benefit of EU€1.8 trillion (US$2 trillion).1
However, unlocking these benefits demands a dramatic shift from business-as-usual to blue-sky circular thinking. Strong specialist capability in developing and implementing circular policies and strategies is critical.
KPMG circular economy teams combine skills in strategy, innovation, business modelling and finance to help you understand the challenges you face. They have the knowledge and experience to help you move from linear to circular.
KPMG specialists can help your business no matter what stage you are at on your circular journey.
Find out more information by downloading the brochure below.
1Working Group FINANCE (2016) Money makes the world go round (PDF 3.45 MB).