Preparing for the Circular Economy: Changes in Business and Operating Models
Today’s predominately linear economy focuses on producing goods that are mainly used and then discarded. The supply chain has a clear beginning and end. However, as we increasingly move to a circular economy with the goal of designing out waste, products are optimized for a cycle of disassembly and reuse. The focus shifts from consumption to lifecycle and use. What demands will the circular economy place on your organization's business models, how are these demands different than those of a linear economy, and what will your role be in facilitating this shift?
In this webinar, Cutter Consortium Senior Consultant Mike Rosen will explore the basic concepts of the circular economy and its broad impact on business and operating models — including sourcing, supply chain, materials, design, manufacturing, operations, customer relationships, partnerships, networks, and more. During this webinar, you will discover:
- How the circular economy is causing companies to rethink how they design, manufacture, and distribute products
- The role of business architects and analysts when transitioning to the circular economy
- Changes in business and operating models required to support the circular economy, and how these changes complement an organization’s digital transformation
- The concept of circularity and how it differentiates the consumable and durable components of a product
- How to compare the circular economy to the triple bottom line (TBL) theory — a concept that expands the traditional accounting framework that focuses solely on monetary profits to also include social and environmental impacts
- A case study of a manufacturing organization that has successfully integrated the circular economy into its digital transformation
Register now for this April 14 at 12pm EDT (see your local time) webinar and prepare your organization to transition to the circular economy and determine your role in facilitating this shift.