Circular economy has become an extremely popular term in recent years. It is seen as the solution to the ongoing global environmental crisis, which is more severe than the pandemic and sometimes plays second fiddle to other global matters.

As its name suggests, this type of economy requires a continuous system of production and reuse of resources and waste that can be used in many fields, from the fashionable food industry and the automotive to the energy one. Initiatives in this regard already exist, albeit on a small or medium scale.

The scope of the circular economy is to interrupt the classic cycle of production – raw material – processing – consumption – waste. Specifically, it wants to take the waste and put it back into production. Thus, the cycle looks rather like this: raw material – processing – consumption – reuse of waste in production. And then the process starts from the beginning.

This article looks at the main principles of circular economy, explains why it is so important for the world around us and also for businesses, and how it is connected to online shopping and ecommerce.