[[{"@context":"http:\/\/schema.org","@type":"Answer","name":"What is circular economy?","text":"The circular economy is an economic model that aims to reduce and ultimately eliminate waste by focusing on recycling and reuse. Products and services are designed to minimize their impact on the planet through sustainable use of natural resources. Everything is produced with the goal of staying in circulation for as long as possible. Products are recycled, reused, repaired, or refurbished to extend their lives and keep them out of landfills. It\u2019s the opposite of the planned obsolescence that\u2019s so ingrained in the old linear economy model.","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer1"},{"@context":"http:\/\/schema.org","@type":"Answer","text":"
  1. Reduce waste and greenhouse gas emissions for a healthier planet.<\/li>
  2. Preserve and protect natural resources.<\/li>
  3. Drive economic growth and profitability.<\/li>
  4. Boost innovation through redesign of products, materials, and processes.<\/li>
  5. Reduce dependence on natural resources, saving money and mitigating risk of supply chain volatility<\/li>
  6. Reach corporate sustainability goals and meet industry requirements.<\/li>
  7. Increased brand loyalty as more consumers make green purchases.<\/li> <\/ol>","name":"Benefits of circular commerce","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer2"},{"@context":"http:\/\/schema.org","@type":"Answer","name":"4 ways businesses can transition into a circular economy","text":"
    1. Offer leasing<\/li>
    2. Embrace recommerce<\/li>
    3. Make recycling a seamless component of the customer experience<\/li>
    4. Facilitate efficient returns<\/li> <\/ol>","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer3"},{"@context":"http:\/\/schema.org","@type":"BlogPosting","subjectOf":{"@type":"FAQPage","name":"circular economy","about":[{"@type":"Thing","name":"Circular Economy","@id":"https:\/\/en.wikipedia.org\/wiki\/Circular_economy#Thing"},{"@type":"Thing","name":"circular economy (Q497743)","@id":"https:\/\/www.wikidata.org\/wiki\/Q497743#Thing"},"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#About"],"mainEntity":[{"@type":"Question","name":"What is circular economy?","acceptedAnswer":{"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer1"},"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Question1"},{"@type":"Question","name":"Benefits of circular commerce","acceptedAnswer":{"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer2"},"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Question2"},{"@type":"Question","name":"4 ways businesses can transition into a circular economy","acceptedAnswer":{"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Answer3"},"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#Question3"}],"url":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#FAQPage"},"keywords":["SAP Partners","Recommerce","B2B Marketplaces","Sustainability","Aftermarket","Purpose In Business","Sustainable Retail","Circular Economy","Sustainable Commerce"],"dateModified":"2024-03-18","url":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/","description":"Instead of the take, make, and waste dynamic of the linear economy, the circular economy is all about recycling, reuse, and repurposing. Learn the benefits and ways businesses can get circular.","name":"What is circular economy: Definition, benefits, opportunities","headline":"What is circular economy: Definition, benefits, opportunities","datePublished":"2024-03-18","about":["https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#About",{"@type":"Thing","name":"Sustainability","@id":"https:\/\/www.wikidata.org\/wiki\/Q219416#Thing"},{"@id":"https:\/\/en.wikipedia.org\/wiki\/Circular_economy#Thing"},{"@type":"Thing","name":"E-commerce","@id":"https:\/\/en.wikipedia.org\/wiki\/E-commerce"},{"@type":"Thing","name":"Sustainability in Business","@id":"https:\/\/en.wikipedia.org\/wiki\/Corporate_sustainability#Thing"},{"@type":"Thing","name":"Industrial Manufacturing","@id":"https:\/\/en.wikipedia.org\/wiki\/Outline_of_manufacturing#Thing"},{"@id":"https:\/\/www.wikidata.org\/wiki\/Q497743#Thing"}],"publisher":{"@type":"Organization","logo":{"@type":"ImageObject","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/themes\/hybris_foc\/assets\/images\/layout\/logo-foc-2x.svg","height":"96","width":"293","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/themes\/hybris_foc\/assets\/images\/layout\/logo-foc-2x.svg"},"address":{"@type":"PostalAddress","name":"The Future of Commerce","addressCountry":"https:\/\/www.the-future-of-commerce.com\/#Country","addressLocality":"Newtown Square","addressRegion":"PA","postalCode":"19073","streetAddress":"3999 West Chester Pike","@id":"https:\/\/www.the-future-of-commerce.com\/#PostalAddress"},"url":"https:\/\/www.the-future-of-commerce.com\/","alternateName":"The Future of Commerce and Customer Engagement","additionalType":"news media","name":"The Future of Commerce","description":"News, information, and analysis on the future of commerce, including e-commerce, customer engagement, B2B, B2C, DTC, supply chain, sustainability, and purpose.","sameAs":["https:\/\/www.linkedin.com\/groups\/4844282","https:\/\/podcasts.apple.com\/us\/podcast\/a-call-for-a-better-experience\/id1479742201","https:\/\/twitter.com\/FutureOfCEC","https:\/\/www.the-future-of-commerce.com\/feed\/"],"contactPoint":"https:\/\/www.the-future-of-commerce.com\/#ContactPoint","legalName":"The Future of Commerce","parentOrganization":"https:\/\/www.sap.com\/index.html#Organization","numberOfEmployees":"https:\/\/www.the-future-of-commerce.com\/#QuantitativeValue","@id":"https:\/\/www.the-future-of-commerce.com\/"},"image":{"@type":"ImageObject","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2024\/03\/Circular-Economy_FTR-1.jpg","height":375,"width":1200,"@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2024\/03\/Circular-Economy_FTR-1.jpg"},"author":{"@type":"Person","image":{"@type":"ImageObject","url":"https:\/\/secure.gravatar.com\/avatar\/1adea10188307d7a21dca5c68b9d5dc7?s=96&d=mm&r=g","height":96,"width":96,"@id":"https:\/\/secure.gravatar.com\/avatar\/1adea10188307d7a21dca5c68b9d5dc7?s=96&d=mm&r=g"},"url":"https:\/\/www.the-future-of-commerce.com\/contributor\/alexander-stickelberger\/","name":"Alexander Stickelberger","identifier":805,"@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/alexander-stickelberger\/#Person"},"@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#BlogPosting"}],{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2024","item":"https:\/\/www.the-future-of-commerce.com\/2024\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"03","item":"https:\/\/www.the-future-of-commerce.com\/2024\/\/03\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"18","item":"https:\/\/www.the-future-of-commerce.com\/2024\/\/03\/\/18\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"What is circular economy: Definition, benefits, opportunities","item":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/18\/what-is-circular-economy-definition\/#breadcrumbitem"}]}]