Philips recently held a panel discussion to examine how new product-service models built around circular economy principles of ‘pay per use’ and renting or sharing could be scaled up. Here are five key thoughts
How can manufacturers build resource resilience into their supply chains in a way that not only reduces raw material input costs, but delivers added value to the customer? One smart solution is to sell the performance of a product whilst retaining ownership of the component parts within it. Earlier this month, to coincide with the official opening of its refurbished systems factory for healthcare imaging equipment in Best, the Netherlands, Philips hosted a panel discussion to examine how emerging product-service models built around circular economy principles of ‘pay per use’, renting/sharing and lease ownership could be scaled up.