The answer is simple: all of them!
The speakers at our “Twin Transformation” event, who came from various high-tech industries such as automotive, electronics, robotics, mechanical engineering, and software solutions, agreed that the circular economy is “THE NEXT BIG THING.” Those who don’t rethink their approach now will be left behind.
Key insights from the event:
🧠Circular economy business model: In addition to the purely economic potential, resilience, reputation, regulations, the contribution to CO2 reduction, and the fulfillment of stakeholder expectations are key drivers and co-benefits of the circular economy.
🧠Twin transformation: Digital transformation, and virtual twins in particular, are accelerating the sustainability transformation—a fact that is still greatly underestimated in product development today.
🧠Circular design: Products will have to be designed differently in the future in order to contribute to the success of the business model. Material selection, modular design, and upgradeability are particularly important design criteria.
🧠Pioneers of the circular economy: We are still at the very beginning of the circular revolution. Those who act consistently now have a good chance of establishing themselves as pioneers.