Discover how, with the right people and technologies, the circular economy can be a goldmine of innovation.
Manufacturers and distributors are striving to recycle and design strategies to take advantage of the golden opportunity offered by the circular economy to obtain a better return on investment.
Let's take a look at the data extracted from the “State of the Circular Economy Report” , created by Sage in collaboration with CIO.com
Three in five senior business and technology leaders in manufacturing and distribution (60%) say they have advanced knowledge of the circular economy and sustainability.
Business and technology leaders in manufacturing and distribution are paying more attention to the benefits of the circular economy: the majority of respondents (84%) say it plays a role in their company’s circular economy and sustainability strategy , and 32% consider it essential to their work.
32 % of manufacturers and distributors have finance and banking email list enjoyed significant benefits from the circular economy. These include:
Improved brand image and reputation (50%)
Energy efficiency (47%)
Increased productivity, efficiency and resilience (46%)
Improved long-term profitability (45%)
Improving competitiveness (44%)
State of the circular economy
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What are the obstacles that companies face in achieving this?
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Sage
The circular economy can attract new customers
What conclusions can we draw from this report?
Improving brand image and reputation when it comes to sustainability is a high priority as it could translate into increased customer acquisition and retention.
