The circular economy offers plenty of opportunities for the manufacturing industry. Indeed, making production processes circular generates two benefits: one for the environment and one for the economy. A lower materials footprint significantly reduces carbon emissions, as industry is responsible for around one quarter of global emissions. Not an unnecessary luxury when you bear in mind that the manufacturing industry is currently responsible for a third of these emissions. It also makes companies more resilient and offers a competitive advantage in the long run.
What do you stand to gain?
Less material costs
Within manufacturing companies, material costs account for 60% of total operating costs. With circular strategies, you have lower material costs and are better protected from fluctuations in (rising) raw material prices.
Extra value on top of materials
Ecodesign, sustainable use of materials, shared use, reuse, recovery, recycling, longer life ... all offer substantial added value. The emphasis also shifts from product to function. And to new business models that allow you to outsmart competitors.
Jobs for thinkers and doers
The circular economy strategies are labour-intensive. New jobs will mostly be at the local level. These range from specialised (technical or strategic) positions to jobs for people who are far from the labour market. As such, more hands are needed in sorting, preparing for reuse, repair or inspection and testing.
Stronger businesses
In the circular economy, collaboration is a key focus. By looking beyond the company's walls and joining forces, you are more resilient to economic shocks and unforeseen situations (pandemics, conflicts, etc.). Cross-sectoral partnerships within the chain also create opportunities. For example, in the areas of research, logistics, training, information sharing and processing of residual streams.
Circular step by step
Are you active in the manufacturing industry and want to contribute to the transition to a circular economy? You can also do it step by step. You don't have to overhaul all your processes right away. As a textile manufacturer, for example, you can gradually switch to recycled raw materials. Electronics manufacturers can support products longer or design them so that they are easier to repair. Even if you rent products instead of selling them once, you save the environment.