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In a world confronted with the urgent realities of finite resources and environmental impact, the need to transition from a linear to a circular economy is more pressing than ever. The consumer goods and retail (C&R) industry, with its substantial reliance on primary raw materials and its significant environmental footprint, has a crucial role to play in this transition.
In this report, we examine the progress of the C&R sector towards circularity. By analyzing six key areas, the report provides a snapshot of the industry's readiness across its different sub-sectors, highlights leading practices, and offers recommendations for accelerating the shift to a circular economy.
From talk to action
Paving the way for a circular economy in the consumer goods and retail industry
Circularity brings significant opportunities for C&R to reimagine the future.
Embracing circularity is not just an environmental imperative for C&R businesses — it's a strategic opportunity to unlock new value and build resilience. From the more efficient use of resources, more resilient supply chains, lower operational costs, through to innovative new business models, synergies and collaborations, we believe it’s an opportunity too costly to ignore.
Key recommendations for accelerating circularity
Our research reveals that while many C&R companies have circular ambitions, translating those ambitions into action requires a focused approach. Here are some key recommendations by sub-sector:
How KPMG can help
Ready to unlock the potential of a circular economy? Contact us today to discuss how KPMG can help your business thrive in a circular future.
From talk to action
Paving the way for a circular economy in the consumer goods and retail industry
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