Circular economy: Cooperation is the key to success 

Transitioning to a circular business model signifies a major leap toward sustainability for many organizations. Traditionally, the linear economy – characterized by a “take, make, waste” approach – has been the norm. While this model has led to significant economic growth, it has incurred substantial social and environmental costs. As the consequences of this imbalance become increasingly apparent, the calls for a new way of organizing the global economy are growing louder. The circular economy offers a compelling alternative by emphasizing resource efficiency, waste reduction, and the continual use of materials through recycling, remanufacturing, and reuse. This shift not only addresses environmental concerns but also unlocks significant economic opportunities, fostering innovation and resilience in businesses.

In the quest to build a circular economy, ecosystems and collaboration are essential to success. Circular ecosystems describe the internal and external…