Six factors for success
Embracing a more circular business model presents a variety of opportunities for companies throughout construction. To realize these, the industry must consider the following six success factors.
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Rethink the entire supply chain. Winning business models can only be conceived and implemented if all suppliers prioritize circularity over linear approaches.
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Consider the entire project lifespan. Analyze material and energy flows across the full lifetime of a construction project and optimizes efficiency.
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Create a collaborative ecosystem. Holistic transformation can only be achieved by collaborating across the supply chain. Investors, designers, and builders must create an ecosystem.
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Embrace digital technology. Innovation and R&D are the most potent enablers for circular business models in construction.
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Develop a business model planning process. A rigorous approach is vital to excelling in this field. Built the necessary capabilities and create an investment strategy that includes ‘make or buy’.
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Expand and scale. Consider a market push to the most promising customers and scale newly acquired skills across an organization to leverage new business models.
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