Wednesday, December 8

Building a circular economy will require a collaborative approach: The time to act is now

As the population increases, there is greater pressure on the use of natural resources, so we must all look for alternatives to the way things are done.

That includes adopting a circular economy where all materials are valuable and the concept of ‘waste’ is no longer part of the system. This trend is driving more organizations towards sustainable business and the adoption of environmentally friendly strategies and practices, leading to a greater emphasis on a circular economy model.

Companies like Dell Technologies actively participate in focusing their policies on making significant changes and are committed to making this change simple, efficient and productive for all.

The benefits of adopting the circular economy model are significant from a business point of view: A significant reduction in carbon emissions can be expected and more of $ 1 billion in material cost savings by 2025 worldwide.

As more organizations prioritize sustainable business practices, there are important considerations for those looking to transition to the circular economy to capture new and diverse growth opportunities.

Today, the world operates primarily in a linear economy, where raw materials are used to make goods that are used and eventually disposed of as waste.

However, in a circular economy, waste products are economically and environmentally beneficial as inputs that are reintroduced into the value chain.

Its objective is the elimination of waste through the superior design of materials, products, systems and within this, business models.

What this requires is the entire value chain of an onboard company and consumer recycling behavior to change.

That said, organizations are beginning to think about and design circular services and processes for their product portfolio to take advantage of the opportunities presented by the circular economy.

For starters, ease of repair and recyclability and ways to incorporate sustainable materials into electronic products are ways these organizations are integrating circular economy practices into their processes.

Dell Technologies has been a leader in product design for several years. taking into account the entire life cycle of materials with an emphasis on reuse, repair and recycling, as well as smart material choice and easy recycling options for your customers. An example of this is his work with closed circuit plastics.

Using reclaimed plastics thanks to technology recycling efforts to create new plastic parts increases the life cycle of plastics, lowers the carbon footprint and even reduces costs. The closed-loop project is UL Environment certified and was the first major technology project to follow its new standard.

Dell Technologies seeks to eliminate the concept of waste and achieve a better future through processes of rethinking, redesign, reuse and recycling.

They set ambitious goals that challenge them to rethink production processes and scale significantly towards the adoption of recycled and renewable materials.

By combining various initiatives with the goal of making what is produced recyclable in its own right and providing the services and solutions that also enable customers to dematerialize their growth, it can drive change and help everyone move on to a circular economy.

Further analysis shows the net benefit of this closed-loop approach in terms of natural capital: a 44% higher profit ($ 1.3 million annually) compared to virgin plastics.

However, the circular economy is more than just material choices. In order to offer less resource-intensive technology, Dell Technologies cloud services help its customers provision various types of technology for staff or customers without tying it to new hardware. In many cases, this also means transferring work from devices with a larger form factor (such as a desktop) to devices with a smaller form factor, such as a tablet, thin client, or even a phone.

The role that technology will play in enabling the circular economy goes even further. As the Internet of Things (IoT) begins to integrate cloud services, networks, sensors, Big Data and analysis will drive new learning that will affect the way resources are implemented.

The transition to a circular economy cannot happen in a vacuum. It will require collaboration from industries, customers, supply chains, and policy makers.

Entrepreneurs will also be key to filling gaps and identifying new ways of working.

We are faced with an inevitable change in the way we think about work, business, individual products, and economies as we move into the future. Amid all these changes, one thing is certain: business leaders are now responsible for managing environmentally friendly practices in the circular economy.

The time to act is now: Every member of the community has a duty and a role to play to ensure that we achieve sustainable growth. Advancing a circular economy requires the entire collaborative ecosystem to look beyond current product strategies and processes to inspire best practices across product ecosystems, using innovation and communities to lead industries and facilitate sustainability for both. clients as well as partners.

This transition to a circular economy does not happen overnight, it requires both innovation and collaboration between industries. Entrepreneurs will be a key piece to fill gaps and identify new ways of working. And technology has an important role to play in facilitating all of this.

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