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Technology Revolution: The Future of Now

Circular Economy: Radical and Unproven or Saving the Planet? - Part 2

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9112 Ratings

🗓️ 1 August 2018

⏱️ 56 minutes

🧾️ Download transcript

Summary

The buzz: “We will design products differently if we knew that those products were going to come back to us as manufacturers and we could extract value from them and create new products from them” (Teresa Domenech). The last 150 years of industrial evolution have been dominated by a one-way Linear Economy model of production and consumption. Goods are manufactured from raw materials, sold, used, then discarded or incinerated as waste. How to get past this unsustainable practice? Welcome to the circular economy model, which maintains products, extends their service life, and repurposes one product’s waste to maintain another – reuse, repair, remanufacture. Is your company on board yet? The experts speak. Christopher Koch, SAP: “Say something once, why say it again?” (David Byrne “Psycho Killer” lyrics). Will Ritzrau, SAP: “Difficulties are just things to overcome, after all” (Ernest Shackleton). Join us for Circular Economy: Radical and Unproven or Saving the Planet? – Part 2.

Transcript

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0:00.0

Welcome to the most nutritious hour of business talk all week.

0:13.4

This is Coffee Break with Game Changers, presented by SAP.

0:17.4

The best run business is Run SAP.

0:19.9

Your host and moderator is Bonnie D. Graham.

0:22.3

You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.

0:30.2

Now, here's Bonnie D. Graham.

0:32.4

Welcome and welcome.

0:33.9

And if you remember how that works, if I say say it twice I mean I have two guests today welcome

0:38.1

if you want to run with the game changes you are in the right place because this is where the

0:43.7

best run just let that sink in let's see what the buzz on the street is today I have a quote from a lady

0:50.8

named Teresa Dominique I hope I'm pronouncing that right D-O-M-E-N-E-C-H.

0:55.7

She is a senior teaching fellow at the Institute for Sustainable Resources, has all kinds of

1:00.6

academic degrees, expertise in industrial engineering, ecological engineering, and environmental

1:06.5

engineering. I think she covers the engineering landscape. Here's the quote, listen carefully.

1:12.4

We will design products differently if we knew that those products were going to come back to us

1:18.5

as manufacturers and we could extract value from them and create new products from them.

1:25.5

Think about this. Think about this. She's talking about something going around

1:29.9

in a circle. Isn't that interesting? And that's what we're talking about today. Let me give you a little

1:34.5

historical look back. The last 150 years of our industrial evolution, I didn't say revolution

1:41.3

because we've had many of those, have been dominated by a one-way linear economy model.

1:46.7

What does this mean?

1:47.5

We produce, we consume.

...

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