Approximately $57 billion of global electronic waste is generated every year. Additionally, food loss and waste accounts for $950 billion in lost value – a number equivalent to the Netherlands' annual GDP. Source: weforum

Given the twin crises of the pandemic and the global economic downturn, system reset is more relevant than ever. It’s time to leave behind current wasteful and polluting models to usher in better growth-based business models and innovative regenerative strategies. Such a transformation is possible – but requires scaling circular economy solutions and forging new collaborations, across businesses, governments, researchers, financial institutions, and civil society organizations.

Stepping up circular economy efforts globally will also mean triggering strategic shifts across sectors. To that end, these 3 shifts are key:

• Design for circularity
• Shift to new business models
• Resource management systems that preserve value