Most European industries can improve financial performance with specific actions to reconfigure product lifecycles.
Is there a reliable way for industries to increase their profitability while reducing their dependence on natural resources?
In recent years, McKinsey research has shown that the circular economy — using and reusing natural capital as efficiently as possible and finding value throughout the life cycles of finished products — is at least part of the answer.
In 2015, as part of a major study with the Ellen MacArthur Foundation, McKinsey demonstrated that such an approach could boost Europe’s resource productivity by 3 percent by 2030, generating cost savings of €600 billion a year and €1.8 trillion more in other economic benefits.
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