The third and final week of the 2017 Disruptive Innovation Festival is upon us - the online festival of ideas that asks 'what if we could redesign everything?'.
In recognition of the response to the circular economy based sessions, the DIF team have exclusively produced a series of three videos which explore the idea of a circular economy from three different perspectives, all of which are now available to watch online.
Martin Stuchtey, from SystemIQ discusses how the economy is about to undergo a serious transformation, and asks what it takes to have a 'good disruption'. Walter Stahel, famous for authoring his book, 'The Performance Economy' outlines his grand idea for business model innovation stemmed from his several decades of work in the circular economy. Finally, the Foundation's own Ken Webster, discusses how his vision for the economy to take inspiration from living systems by embracing complexity, diversity and recognising the importance of flows of energy, information, materials and wealth. Ken asks whether we would be comfortable with an economic system that we could influence but not control.
Each video is essential viewing for anyone who wants to understand how the economy could and perhaps should operate.
There is still two days left of the 2017 Festival, view the schedule here.
A change is definitely coming to our economy, and it’s one that’s fuelled by technological development. Advances in artificial intelligence, 3D printing, biomaterials, quantum computing, and many other technologies will disrupt the economy.
The industrial economy could be described as wasteful - it rewards the extraction of finite materials and generates large quantities of waste at the end of life. In other words, it’s about throughput and ignores the use of goods.
The circular economy is telling us something about what it means to be productive. The flow of products, components and materials goes from throughput to ‘roundput', and if waste can be minimised and more of the value in the flow captured then it promises better returns. It's like a pipework, in the imagination it has endless flows - powered by renewables - and everything can be ‘made to be made again’.