Circular Business Ecosystem for Textiles
The business ecosystem report of the Relooping Fashion Initiative is published!
The Relooping Fashion Initiative (2015-2017) aimed at piloting and modelling the circular business ecosystem for textiles. This report covers the business ecosystem modelling work and introduces the project team’s crystallized vision of a higher-level system that enables the textiles industry to operate according to the basic principles of a circular economy. The report is published by VTT Technical Research Centre of Finland, and written by VTT and Ethica. The Relooping Fashion project partners and their roles in the business ecosystem are introduced in the report. They have all shared their invaluable knowledge, hands-on expertise and insight for the ecosystem modelling work.
The focus of the report is on explaining the principles of a circular economy in the context of textiles, and drawing a picture of the key material flows and types of actors along the value cycles from end-user back to end-user. The overall goal is to maintain the value of materials as high as possible, with minimum environmental impact. The different circular business models for textiles are introduced along the value cycles. The report covers 1) repair and maintenance, 2) re-use as product, 3) re-use as material, and 4) recycling-related activities, and business models for post-consumer/user textiles along the entire value chain.
All these processes need to work seamlessly together for the circular business ecosystem to function effectively. To solve the global textile waste problem, and to be able to replace some of the virgin materials such as cotton with recycled textile materials, new recycling technologies are at the centre of attention. This report also gives an overview of the key emerging technologies for textile recycling. Furthermore, the report also discusses the topic of shared value creation in the circular economy context.
The ecosystem modelling work has crystallized many important success factors for circular business ecosystem of textiles. Those are, for instance, the importance of a shared systems level vision, inclusion of many different actors along the value cycles, and the formation of a well-articulated new value proposition for customers. Collaboration is crucial, so that the necessary investments can be made to scale up the actions towards a circular economy. Consumers are ready, brands are interested, and several parts of the puzzle are being solved. It is our planet that can no longer wait. We hope that this report gives further courage to the increasing number of stakeholders to take the necessary next steps and speed up the development towards truly circular textile products available for all.
You can download the report here: Model of circular business ecosystem for textiles 11-2017
For further information and collaboration please contact:
Paula Fontell by e-mail email@example.com or by phone +358 40 768 0160