Research and analysis
The Circular Shift: Four Key Drivers of Circularity in North America
A Closed Loop Partners Report on Unprecedented Shifts in the Circular Economy in North America
Explore the sea change underway as four key drivers – market forces, recent innovations, changing policy and groundbreaking partnerships – push circularity forward.
The tumultuous events of 2020 have shed light on the importance of strong, stable, transparent systems, exposing the risks of overcomplicated, opaque supply chains and the limitations of continually extracting finite resources. In North America and around the world, supply chain disruptions, growing amounts of waste, and health and safety risks have called attention to the flaws of business-as-usual. As these challenges come to the fore, the urgency of rethinking systems that throw $10 billion worth of resources into U.S. landfills has increased. With growing investments and interest in less wasteful systems, the circular economy in North America is in the midst of a sea change.
Since 2014, Closed Loop Partners has been operating and investing in the circular economy, finding opportunities in the space and supporting its rapid growth across the U.S. Drawing from the firm’s investment intelligence and its Center’s research, the report delves into the Four Key Drivers of the Circular Economy in North America, exploring how innovation, investment, policy and partnership act as key enablers of the emerging economic model.
These factors shape and strengthen the landscape for circularity as investable opportunities have noticeably advanced, with momentum and innovation in the space growing rapidly. Capitalizing on the circular economy ultimately promises to recapture business value, offering a $4.5 trillion global opportunity by 2030, according to Accenture. Unexpected partnerships and visionary policy will be essential to accelerate the shift toward an economic model that is enduring, and able to withstand future shocks.
The Four Key Drivers
Investment opportunities spur innovation and advancements in circularity
Innovations like new materials, technologies and delivery models enhance circular systems
Policy changes ensure circularity, inclusivity and resiliency across cities and states
Partnerships align interest across multiple stakeholders and create system-wide change