The creation of products and services requires the use of resources in the form of materials, energy, and labour. As a product is produced value is added as more materials, energy, and labour are utilised in the production process. Once the product reaches its end-of-use however, the value created during the production process is almost completely lost due to current waste management practices. Resources that could otherwise be recycled and reused are simply disposed of or incinerated. As a result, more raw materials are required in order to meet the ever growing product needs of consumers.
High value reuse within a circular economy restores products and preserves resources that have reached their end-of-use back to their original state to deliver the same or even improved functions. In this way, the value of products are preserved, reducing the level of risk and costs associated with raw material price volatility and scarcity.
The aim of high value reuse is to preserve the value of materials by:
Special thanks to our panelists who provided great practical examples of how they have integrated high value reuse strategies to their business models!
Circle Economy’s quarterly Deep Dives on sector or industry based topics are part of the membership offering. They are an excellent way to meet with other members, share insights, learnings and real life issues on dedicated topics, and contribute to creating business opportunities between members.
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