• Retailers are increasingly expected to take responsibility for their products' full lifecycle, from creation to end-of-life, which requires developing new consumer offerings and relationships. This drive towards lifecycle responsibility requires a shift toward circular business models, presenting retailers with opportunities to redefine their role in a sustainable future.
  
  
• Retailers are uniquely positioned to repurpose existing physical and digital infrastructures to enable circular and sharing-based consumption. Making retailing more sustainable will most likely require changes in both operations and business models.

• The principles of reduce, reuse, and recycle (3Rs) are essential to the circular economy, but their implementation in retail presents both opportunities and challenges, particularly in engaging consumers. While recycling is well-established, reduction and reuse efforts offer even greater environmental benefits and are gaining traction among consumers.
  
  

2024-11-13