Circular Wonderings is an exploration of the role of digital, software and technology in the Circular Economy. Exploration is the key word here. I write regularly, reflecting on my current thoughts and research. Expect typos, incomplete thoughts, varied rambling topics and (hopefully) a journey towards clearer understanding and insight. Subscribe here to join my journey.
Rethink Global Linear Risks Guide
Catherine and the team at Rethink Global recently released an excellent "Linear Risks Guide" .
The brilliance of this report is it makes the incredibly strong case the a Circular Economy is not a "nice to have" or "doing your bit for the greens". Rather it is the sensible approach to tackle many of the biggest risks to our businesses.
(On reflection, it's a shame that I consider this brilliant. The arguments should be blindingly obvious - but that's just my anger talking!)
Here are a few thoughts from the report - but I hope you go and read the full document:
"We use over 100 billion tons of natural resources, every year, to make the stuff we use.That’s more than 12 tons for every person on the planet.Based on current trends, that number is likely to double by 2050.The flow of materials, from mining to manufacturing, makes up around half of global GHG emissions and over 90 per cent of biodiversity loss and water stress. We circulate less than 9% of the resources we use every year, and for every tonne of waste generated at the end of the cycle, there is another 20tonnes generated upstream."
One of the big risks (further highlighted by covid) is in the supply chain. "Are [your supply chain] sources at risk of disruption, perhaps from climate-related events, or even geo-politics?"
The report finishes by asking "How do you turn these linear economy risks into circular opportunities?". IMHO the answer to that question is actually incredibly exciting for any forward thinking business.