Developing products for a circular economy | McKinsey & Company
...Now suppose the product-development process were to begin from a different premise, derived from the idea of a circular economy. Instead of considering only functionality and cost and assuming that products will be thrown out, a company would look at how it might manage the entire life cycle of its products in order to maximize the value of them and their component materials. For mechanical components, a manufacturer might give customers rebates for returning end-of-life parts so the manufacturer can refurbish them for resale at a lower price or dismantle them for recycling....
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