Ten Years Gone, Holdin on, Ten Years Gone: The Circular Economy and the Evolutionary Trajectory of the Competitive Intelligence Profession

Authored by John J Mc Gonagle 

The underlying premise of the Circular Economy (CE) is that businesses face major challenges: grow and create value while dealing with anticipated volatilities in and shortages of necessary natural resources. CE advocates contend that, due to environmental concerns, this challenge is being made much more difficult. They see increases in both prices business pay and uncertainty in operation.

The underlying assumption [of CE] is that the dominant global economic system, focused on continuous economic growth, unlimited levels of consumption, and minimal regulation needs to change.”“Today’s linear economy-in which, quite simply, natural resources are extracted from the ground, made into products, used, and thrown away-was highly successful in delivering economic development during the 20th century. However, global trends indicate that the traditional, linear model’s ability to produce economic growth is being increasingly challenged, prompting a search for alternative approaches that can work in the long term.”“The [CE] … is restorative and regenerative by design and aims to keep products, components, and materials at their highest utility and value at all times, distinguishing between technical and biological cycles. This new economic model seeks to ultimately decouple global economic development from finite resource consumption.

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