The Linear Economy
From the beginning of time, the world has operated in what is often referred to as a linear economy.
In a linear economy, tangible goods are made, used for a time and then destroyed. It is a model which gives no thought to the economic cost of disposing goods at the end of the lifecycle and ignores the impact the waste has on the environment. Although this has been the dominant economic model of our time, there has recently been a resounding call for more sustainable business practices.
The practical, economic, and environmental benefits of reusing, repurposing, or recycling goods has driven a monumental disruption in consumption practices. Organizations have already realized that following the linear model is bad for business and bad for their bottom line. Many argue that the recirculation of products, components, and materials will dramatically lower capital costs, while reducing procurement inefficiencies and excess waste. Consequently, businesses are investing a considerable amount of time and resources every year to eliminate wasteful and inefficient practices that arise from operating in a linear economy.