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Our current business models and everyday lifestyle have a great negative impact on nature and communities. Since their consequences are already a dangerous reality, we need fast cross-sectoral changes.
Life cycle thinking (LCT) is a useful approach to combat our challenges. It focuses on the entire supply chain of a product, from cradle to grave, considering all the important impact on the economy, the environment, and the society. By assessing the impact of a product on the world, businesses can adjust their products to be more sustainable.
Properly applied, LCT can benefit companies, citizens, and governments. Some of the benefits can be noticed in occupational health and safety, improved image and brand value, reduced costs along the whole supply chain, technological and social innovations, as well as new and more productive partnerships and collaborations.
The right tools !
Life cycle thinking is a powerful tool to support a company’s process towards adopting a sustainable business model, but it must be used the right way to reduce resource consumption and improve product performance.