What is a Circular Economy?

A Circular Economy is a framework that can possibly counterbalance the matter of the supply chain and even yield greater profitability to companies. From economic to environmental growth, economies worldwide can potentially gain from shifting into a greener and more circular value chain. According to the Ellen MacArthur Foundation, a Circular Economy is “a systematic approach to economic development that is restorative and regenerative by design.” It aims to break away from the accustomed consumption and disposal of resources and to extend a product’s lifecycle through the re-designing of business models.