How the Circular Economy could introduce new value to the shipping industry
With this project the authors deep dive into the convergence of circular economy, digitization and innovation, to explore the maritime opportunity space and the role of shipping as an enabler of a global circular transition and in particular the new business models derived by this.
Circular Economy (CE) is a recognized concept for sustainable growth and it is gaining ground globally. It is expected to have significant impact across products, markets, business models and value chains, but also on infrastructure, which maritime in essence is the backbone of. Digital technology, data, new platforms and, not least, new market actors will drive a major part of this development. To stay ahead of the curve, it is natural that the Blue Denmark are front runners in the exploration of the systemic change and the consequences for shipping, and equally important, the commercial opportunities.
Accordingly, the objective for the partners behind this proposal is to explore CE in combination with data and digitization as a business development space for maritime stakeholders; to create awareness and appreciation of the potential that CE constitutes for the maritime industry; and to explore the collaboration and pathways it will take to realize the identified potential.
This publication is intended to inspire and encourage further exploration of the circular economy and the opportunities it may present.
It is the initial result of the Circular Shipping Initiative project, a collaboration between Danish Ship Finance, Green Ship of the Future, Leaderlab and The Shared Value Company with advising partners Danish Shipping and DFDS.
The project was kindly financed by the Danish Maritime Fund.
This post Business Model Innovation: Shipping in a Circular Economy – Green Ship of The Future : Green Ship of The Future first appeared on the Green Ship of The Future website on October 9, 2018.