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September 5, 2024
Poster
Title
Sufficiency-Oriented Supply and Value Chain. Strategies for Sustainable Business Models and Rescource Optimization
Title Supplement
Poster presented at Konferenz "Wissenschaft trifft Wirtschaft IV" 2024, 5. und 6. September 2024, Essen
Abstract
The circular economy, which emphasizes recycling and reusing materials, is gaining traction, but it may still contribute to increased resource consumption if overall product and service demand is not curbed. Recycling alone cannot resolve the environmental crisis. Therefore, it is crucial to adopt a sufficiency-driven business model that directly tackles unsustainable consumption. Unlike efficiency, which is primarily technology-driven, sufficiency integrates social and ecological limits, ensuring that consumption remains within planetary boundaries and respects global equity. This approach is vital for achieving genuinely sustainable business practices.