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Circular Economy

Circular Economy refers to closing the material loop. This means working to keep resources in use for as long as possible and requires both the producer and consumer to be aware of how they are utilizing resources. It can help to ensure waste and resources, at any point from production to end of life of a final product are reused, repaired, or recycled in some capacity. This helps to decrease waste and becomes especially important in sustainability efforts, helping companies to reduce waste, save money, and work to ensure there is not depletion of finite resources. The concept of circular economy should be considered in all phases of the product life cycle and can not only help to save resources, but also decrease the amount of toxic waste output.

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