What Are Circular Values?
The circular economy is made up of set of principles, called the 9Rs, that provides a framework for a number of activities commonly known as ‘Circular Re’. For example: Refuse, Rethink, Reduce, Repair, Refurbish, Remanufacture, Repurpose, Recyclable Resources and Recovery.
|Questions||Linear Re-||Circular Re-|
|Who is responsible?||Responsibility is passed along individuals and reliant on them to start any Circular Re activity.||Manufacturers and retailers are held responsible thus making Circular Re part of their value chain and services.|
|How is the quality of products and materials in the aftermarket?||Downgraded because products have not been designed for any Circular Re activities.||Maintained or upgraded as it is designed for circularity.|
|Who does it benefit?||Only benefits the environment by minimising negative impact.||Benefits people, businesses and environment with job creations, profit and optimising positive impact respectively.|
|How are relationships formed?||No relationships are formed as Linear Re activities operate in isolation.||As manufacturers and retailers are responsible for the waste they produce and distribute, they will need to form a collaborative network across industries and borders to shape their new circular value chains.|
|Transparency and the availability of information?||Transparency is not a necessity.|
Information is nonexistent or restricted making Linear Re activities harder to perform.
|The circular supply chain improves transparency through the track and trace system. Access to information is needed to enable and empower Circular Re activities.|
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Miscellaneous Circular Re
Reactivate, Re-assembly, Rebuilding, Recapture, Reconditioning, Recollect, Reconversion, Reconstituting, Recover, Recreate, Rectify, Redistribute, Reduce, Re-envision, Refit, Refuse, Regrading, Remarket, Renovate, Replacement, Reproduce, Repurpose, Resale, Resell, Re-service, Restoration, Resynthesize, Rethink, Retrieve, Retrofit, Retrograde, Return, Reutilise, Revalue, Reverse and Revitalize.
Circular Economy Systems Diagram
In a circular economy both natural (biological) and man-made (technical) materials or resources circulate in production cycles. Refer to Circular Economy for a more detailed description.