Circular Economy: The Future of Business Post COVID-19 – Entrepreneur

Circular Economy: The Future of Business Post COVID-19 – Entrepreneur

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The world economy is still reeling from the effects of COVID-19, and in the Middle East, governments have launched funding programs for small businesses, while regional financial institutions and entities are rallying in support of the business community with various programs and initiatives. While no one has given a definite view of how the business landscape will look like post pandemic, experts have concluded that adopting circular economy strategies might be one of the best ways to ensure business recovery.  

The 2020 Global Circularity Report suggests that only 8.6% of the world economy is circular. This figure compels us to think about our consumption habits, which have now drastically changed, providing us with an opportunity -on a silver platter- to give circular economy a chance to flourish.