Transitioning to a Circular Economy

  • Celestica  |
  • 2018-02-01
CEIL Blog 2018

With the growing global population and the supply of raw materials diminishing, our linear “take, make, dispose” economic model is reaching its physical limits. The circular economy is an alternative to that economic model that organizations and businesses have started exploring.

A circular economy is an innovation driver that creates a closed loop supply chain; from designing and manufacturing products using as few resources as possible; to keeping them in circulation as long as they will last in order to extract the maximum value; to finally recovering and regenerating the products at the end of the product's service life – and cycling it through all over again. By rethinking and redesigning products, components and packaging we can cycle valuable materials and transform today’s products into tomorrow’s resources.

At Celestica, we have elements of the circular economy already ingrained in our business model; from design, to engineering, to after-market services. And now we’re seeing our customers’ business models changing in support of the Circular Economy. By working directly with our customers, with their full product lifecycle in mind, we can optimize the product’s sustainability from components and manufacturing through to transportation and reverse logistics. Providing complete circular economy services is something we will continue to work towards.

The circular economy isn’t about one company or one product, it’s about industry collaboration and interconnectedness. Companies coming together to use creativity and innovation to solve complex challenges and unlock potential for the future. And at Celestica, that’s exactly what we strive to do.