As we increasingly hear about the impact our businesses and behaviour have on our surrounding environment, it is time to reconsider how we approach the use of finite resources. If we do not act now, we will be forced by scarcity or procurement issues in the future. The circular economy is a radical, innovative shift from previous economic and production models, and one that could address these issues. It involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible to extend their life cycle by maximising the use of natural resources, extracting the highest possible value at all stages of production to reduce waste.
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