Towards the Circular Economy Vol.2: opportunities for the consumer goods sector, a new report, featuring analysis from McKinsey, which builds on last year’s report and makes the case for a faster adoption, quantifies the economic benefits of circular business models, and lays out pathways for action.
The report focuses on fast-moving consumer goods, which currently account for about 60 per cent of total consumer spending, 35 per cent of material inputs into the economy, and 75 per cent of municipal waste. Importantly, the consumer goods sector absorbs more than 90 per cent of our agricultural output – possibly our most embattled resource in the future.
Analysis shows that the adoption of the circular economy could be worth as much as USD 700 billion in consumer goods material savings alone, and also highlights added benefits in terms of land productivity and potential job creation. The report features specific examples in product categories that represent 80% of the total consumer goods market by value, namely food, beverages, textiles, and packaging. Of the many tangible examples across these sectors, highlights include:
|Executive Summary_V2 pages.pdf Executive Summary_V2 pages.pdf||12/06||693 KB|
|TCE_Report 2013.pdf TCE_Report 2013.pdf||12/06||2.15 MB|
Trouble downloading this file? Please click ‘Report Link’ in the download module.
Please click here to view and purchase hard copy reports from the Ellen MacArthur Foundation.