Leasing, in which a person rents rather than buys a product from a company, has been heralded as a new circular ownership model with the potential to extend products’ useful lifetime, improve resource efficiency, reduce virgin resource intake, and reduce value and material losses to the economy.
That all sounds great for the environment and the economy, but what about the costs of setting up and maintaining a model of sales that requires complex contract and production coordination, maintenance costs, and recovery methods? What benefit does leasing rather than selling products bring to a business? And is renting rather than owning something that customers want?
Continue reading “Shifting to a leasing ownership model”
Leasing is an
ownership model in which a person rents, rather than buys, a product from a
company. Instead of paying the full price upfront in exchange for ownership
over the product – as done in a purchase-based ownership model – the customer
instead pays the company in installments in exchange for continued access to
the product over an agreed period of time. During this time, the customer can
keep the product and make use of it as they wish, but they never actually own
the product. The provider is the one who maintains ownership over the product,
as well as the responsibility to maintain it, replace it if it is broken or
outdated, and retrieve it once the lease period is over.
Continue reading “Leasing: The New Circular Ownership Model”
E-waste is the fastest growing category of hazardous solid waste in the world, with millions of tons generated each year – 50 million tons, to be precise. And with business as usual, it is predicted that this figure will reach 120 million tones in 2050.
Continue reading “Mining for Gold in 50 Million Tonnes of E-waste”