CIRCULAR SUPPLY MODELS aim to achieve fully renewable, recyclable, or biodegradable resource inputs that serve as essential materials for a different production process.
The overall goal of this business model is to reduce an organisation’s dependence on new raw materials and other resources. This approach is especially important for companies that depend on scarce resources or commodities.
A key element of circular supply models is to maximise the recycling element of each production process and, consequently, reduce the ‘raw materials’ and ‘residual waste’ elements.