covid19

  • 27 July 2020

    CE and COVID-19

    By Alexandra Kekkonen – Tondo’s associate What have we learned about Circular Economy from COVID crisis? The massive disruption of the global value chains in the result of the measures taken by the governments to address the Covid-19 crisis has revealed the fragility of our lineal global economy model and productive arrangements linked to a single geographic location and a single supplier, high degree of dissolution of our innovation, production, supply and consumption systems. (Serada, 2020) It has raised the concerns about the resilience of our economies and led to intensification of such trends as diversification of sourcing and supplies, reshoring, developing strategic autonomy in the critical sectors, intensifying automation, transforming supply chains into more simple, digital, regional more transparent, facilitated by the new delivery modes and contactless innovations. The experiences obtained during the COVID 19 crisis have reaffirmed – there is a need of the great reset and building a more resilient, just, responsive and sustainable economies. Circular Economy is increasingly considered a valuable option allowing to collectively reimagine and redesign our systems to ensure an ecologically safe and socially just space for all. The circular economy also now has the opportunity and duty to further incorporate equality and resilience into this model.  Product design and product policy factors such as repairability, reusability and potential for remanufacturing offer considerable opportunities to enhance stock availability and, therefore, resilience. Rethinking business models in terms of the circular economy presents many opportunities to improve competitiveness, efficiency, innovation and sustainability including through facilitating an access to and shared use of underutilized products.  Circular supplies represent a model for developing components that are reusable and recyclable at the end of a product’s life.  Product life extension prolongs the useful life of a product through improved product design and long-term maintenance.   Resource recovery captures byproducts...
Social Share Buttons and Icons powered by Ultimatelysocial