How the Circular Economy Can Boost Productivity and Innovation
- Maximizing resource efficiency through strategies like recycling, remanufacturing, and designing for longevity reduces waste and ensures that materials retain their value, increasing overall productivity
- Catalyzing new business models, like product-as-a-service and material recovery systems, create new revenue streams and market opportunities
- Driving technological advancements in areas like bio-based materials, digital tracking of resources, and automated disassembly systems improve operational efficiency and open doors to new industries
- Fostering job creation across various skill levels and regions increases productivity and provides income for households across the country
Case Study
Making More of Waste
Trois-Rivières–based Waste Robotics integrates advanced waste handling processes, computer vision, deep learning algorithms, and state-of-the-art robotic technologies to enable smaller, more precise, safer, and more profitable waste recycling facilities.
Case Study
Changing the Game for PlasticsMississauga-based erthos is reimagining the building blocks of plastics through sustainable, bio-based, compostable feedstocks and leveraging a proprietary machine learning AI platform that streamlines complex R&D processes.
A Call to Action
Circular productivity and innovation require bold action. Policymakers must prioritize circular R&D investments and create frameworks that encourage collaborative ecosystems. Businesses should reimagine their value chains, embracing circular practices that enhance efficiency and inspire creativity. For innovators, the circular economy is a frontier of opportunity and a catalyst for progress.
By embracing circular principles, we can transform productivity challenges into opportunities for groundbreaking innovation, ensuring that industries thrive in a resource-constrained world.
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