The role of circular economy in improving the quality of products and goods of businesses
The combination of improving the quality of products and goods and circular economy is not only a trend of the times but also helps businesses grow and develop sustainably, promising to elevate Vietnamese businesses in this period of fierce competition today.
In a market economy, improving the quality of products and goods becomes a decisive factor in the success of businesses. Achieving this goal requires not only the internal efforts of businesses, but also the application of scientific and technical advances, innovation, and especially the effective application of the circular economy model.
Circular economy is a cyclical operating model where products and goods are recycled and reused to create new value without wasting resources, protecting the environment and aiming for sustainable development. Circular economy plays an important role in improving the quality of products and goods, from creating added value to reducing production waste. Applying circular economy in the process of improving products and goods quality brings many significant benefits.
Firstly, circular economy helps reduce production costs. Instead of having to spend a lot of resources to produce from new materials, businesses can reuse used products to create new products at lower costs.
Second, circular economy helps reduce waste and environmental pollution. Recycling and reusing products helps minimize the amount of waste entering the environment, while also reducing emissions from the new production process.
Third, circular economy creates new business opportunities and helps businesses increase competition in the market. With a long-term vision, promoting the adoption and application of advanced technologies in the recycling and reuse process will help businesses create high quality products at competitive prices. And etc.