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Product-as-a-Service: A Key Component for Achieving a 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…
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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…
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Why Furniture as a Service Works Today
People no longer want to own things – including furniture. Furniture as a Service offers an alternative.
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PaaS Circular Economy Fueled by Millennials
The PaaS industry and the circular economy are being driven by millennials. They have been restructuring and disrupting long established industries to mold them into their unique lifestyle.
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Circular Economy from a Linear 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…
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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…