________________________________________________________ ____________________________________________ Sustainability
example , a provider of structural insulated panels that sells scrap to accredited scrap merchants for reuse or compresses steel waste to be recycled at waste energy conversion plants .
However , shifting to a circular business model does present some challenges . Failing to consider the full range of business activities and the lifecycle of products when in use risks undermining circularity . In support of this , businesses must encourage internal and client teams to take accountability for whole life cost and not just initial costs . The entire business should be focused on maximizing value in the long term , whether that ’ s energy consumption and generation or the management of all manufacturing and service outputs .
A strong ESG team is essential ; this will provide well-rounded views on company practices and client requirements and ensure these align with a circular supply chain and business model . Investing in research and development is also critical for bringing new and improved practices or products to life .
At a time of high costs and increasing
resource scarcities , businesses must adjust their operations to remain resilient in the long term . Building circularity into the supply chain and business model will ensure a more sustainable future comes to fruition . ■
For a list of the sources used in this article , please contact the editor .
David Harris www . premiermodular . co . uk
David Harris is the CEO at offsite manufacturer , Premier Modular . Established in 1956 , Premier Modular Limited is one of the UK ’ s leading offsite manufacturing and modular building specialists . Committed to becoming carbon neutral by 2035 , Premier Modular minimizes its impact on the environment by using sustainably procured materials , sending zero waste to landfill and incorporating renewable energy technologies into its buildings where possible . The modular specialist forms part of Premier Modular Group alongside sister companies Net Zero Buildings and Net Zero Panels .
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