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how can Adidas benefit from adopting a Circular approach? 100/150 Words

how can Adidas benefit from adopting a Circular approach? 100/150 Words

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Answer #1

A circular approach is an approach which aims at ensuring the waste produced is as less as possible and optimum use of resources is done by reusing the materials wherever possible, hence Adidas can benefit in a number of ways:
•   Non core activities of Adidas can be outsourced.
•   Customised designs can be made and also defective products can be refurbished and can be sold at a cheaper price instead of dumping them.
•   The power used in manufacturing can also be saved which will ultimately decrease the cost price of the products of Adidas.
•   Hence it will gain a larger customer base because of better quality products being sold at a lower price in the market.

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