Circular Economy

The vision of the circular economy speaks of closed cycles of resources and materials, of products that are maintained, repaired, reused, and recycled to stay in use for longer. Additionally, it means getting the optimum out of the resources of a product over the longest period possible. This not only lessens the negative impact on our environment. It also opens up promising new business models. The essence of the circular economy is the smart combination of novel business models with mindful product design: the designed products must be reliable, durable, and repairable and distributed via “sharing” or “pay-per-service” models. Microelectronics can play a major role in improving the environmental performance of processes. This includes for example state monitoring or tracking the flow of valuable resources. There are still considerable hurdles to overcome, not least on the commercial and mental levels. Many companies are still uncertain about the right ways to monetize the idea of the circular economy. Many people still need to internalize the importance of reliability in their habits and routines.

HOW DESIGN SUPERPOWERS WILL SAVE OUR PLANET

“Recycle and reuse” has become an increasingly common way of life for private consumers, but also for industrial enterprises. Still, many manufacturers continue to adhere to a creed of cost-effective – read: commercially rewarding – production. But what can companies…

THE WAY TO REDUCE YOUR ENVIRONMENTAL RISKS

RealIZM recently interviewed Dr. Max Marwede, a researcher at Fraunhofer IZM and active proponent of the circular economy. He told us about ways to change the traditional linear economy by committing to the principles of the circular economy that can…