Business leaders and governments alike acknowledge that continued wealth generation requires a new industrial model that is less dependent on primary energy and materials inputs. In its previous reports, the Ellen MacArthur Foundation has focused on the economic and business benefits of such a circular model of development.
A collaboration between the World Economic Forum, the Ellen MacArthur Foundation and McKinsey & Company, this new report aims to reconcile the goal of scaling a circular model with the reality of a global economy and complex multi-tier supply chains. The key objective is to propose a very specific joint plan of action for industry leaders.
Towards the Circular Economy vol.3: accelerating the scale-up across global supply chains, finds that over US$1 trillion a year could be generated by 2025 for the global economy and 100,000 new jobs created for the next five years if companies focused on encouraging the build-up of circular supply chains to increase the rate of recycling, reuse and remanufacture. This would maximize the value of materials when products approach the end of their use.