Product-as-a-Service: A Key Component for Achieving a Circular Economy

Product-as-a-Service and the Circular Economy

Product-as-a-Service (PaaS) represents a transformative business model that shifts focus from product ownership to fulfilling customer needs through servitization. It combines physical products and services, paving the way for closer customer relationships, extended company responsibility throughout the product lifecycle, and fostered sustainability through more efficient use of material and energy. This model, aligning closely with the circular … Read more

Extended warranty as alternative to PaaS?

On this blog we’ve dedicated multiple articles explaining why Product-as-a-Service (PaaS) is an important piece of the circular puzzle. From detailing the environmental benefits to declaring it a sustainable solution. The most important reason why a PaaS model could work is that it forces producers and vendors to focus on delivering long-term continuous value for … Read more

Circular Economy from a Linear Economy

circular economy

The shift from a linear to a circular economy is not a just a passing trend but a necessity. For many decades, we have been living a linear lifestyle, wherein raw materials are used to create a product, and after its use, waste such as broken appliances or packaging are disposed of. Most of our waste end up in landfills or in the ocean, causing pollution and irreparable damage to the planet and to ourselves.

Solution ‘as a Service’?

Buying a product has been the default way we’ve “consumed” products in modern industrialized nations. However, more and more companies and consumers are “leasing” products instead of buying them. This method of consumption could be a model for a better, cleaner and more circular economy. Some call this model “Product-as-a-Service” and it is the topic … Read more