Focus on relationship with the value network – Building circular value networks
To master the circularity of a product without having control over all stages of a product’s lifecycle, collaboration with other companies downstream and upstream the value chain, and/or with customers and other stakeholders is key. Companies that put their strategic focus on building circular value networks are up to a challenging task, but with possibly the greatest business rewards in the long run.
Combined strategies
Circular Value Creation Strategies
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Material Recycling
Material Recycling
The valorization of industrial production residues or materials from end of life products into the same or other production chains
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Optimal product use
Optimal product use
Decreasing the amount of products needed for delivering a given amount of value. This can be realized in several ways, e.g. by shared use, by extension of the product’s lifetime,...
Value Proposition Strategies
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On demand
On demand
Production on demand, eliminating unused stocks.
Value network strategies
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Industrial Symbiosis
Industrial Symbiosis
The waste stream of one company is used as input for other company/companies, usually in a specific regional setting.
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Take back management
Take back management
Logistics / establishing network collaboration for taking back end-of-life products from the customer, enabling the execution of a circular value creation strategy
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Platform (online, other)
Platform (online, other)
An online or on-site solution to facilitate matching of supply and demand of materials or assets (e.g. product sharing, material exchange, reuse, etc.)
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Value chain collaboration
Value chain collaboration
Organisation in which the company effectively collaborates with customers and/or suppliers to create and capture value, going beyond the classical business model.
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Localisation
Localisation
Organizing the physical flows of resources and products on a local scale (e.g. enabled by local 3D manufacturing, decentralized loop closure,....).
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Value network collaboration
Value network collaboration
Collaboration between different companies / government bodies, local communities, NGOs throughout the value network to achieve a common goal