Business case

Impact on the quantity or quality of jobs, and shifts in the labour market

Jobs

Contribution to social parity, or impact on social disparity

Equality

Direct and indirect reduction in economic costs

Cost Savings

Direct and indirect effects that increase revenues or the potential for new revenues, for example from new products, customer segments, partnerships or business models

Revenue Potential

Efficiency gains on operations or transactions either through cultural or technological shifts

Productivity

Impact on the ease of innovation, and facilitating uptake of innovations

Innovation

Scalability

Providing commercial and consumer financial services, such as lending, credit, financing, banking, asset management, financial exchanges, ratings services, money services, insurance and pension services, etc.

Financial Services

Working together with the community and engaging them in the company operations

Joint product development

Developing or utilising online platforms to enable circular economy opportunities through information, product or service offering

Online platforms

Impacts

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Industries

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The principles of a circular economy concern designing out waste, regenerating ecosystems and keeping items in use. Decoupling the economy from material flows—improving the rate of resource productivity faster than the economic growth rate—is also a consistent guide. By evolving with the growing number of applications of circular economy principles, and consolidating these strategies across thematic areas, Circle Economy’s Key Elements Framework (KE) renders the elements of the circular economy salient and serves as a basis to derive contextual strategies and interventions. 


The Framework consists of:
- Core Elements: Activities directly handling product or material flows; and uniquely,
- Enabling Elements: those that remove obstacles for core actors.


Key elements of the circular economy

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Circle Economy's framework of strategies and activities that define the circular economy

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Based on the work of [Bocken et al. (2016)](https://www.researchgate.net/publication/309699661_Product_design_and_business_model_strategies_for_a_circular_economy), the Four Flows Framework serves as a simple framework for managing resource flows in a circular economy by using less (Narrow), using for longer (Slow), using again (Cycle), and using clean, regenerative materials and energy (Regenerate).

These different principles of circular economy can be applied to our socioeconomic metabolism: we can design stocks like buildings, infrastructure, machinery, and vehicles to be rich resource mines for the future, and design manufactured goods and consumables to be cycled and made regenerative. Furthermore, the focus must also centre on getting more value out of fewer materials. Achieving the aims of a circular economy—minimising material use, regenerating the Earth, and preventing material losses—can be done through these four key strategies mentioned above.

Source: Circle Economy. (2023). *[The circularity gap report 2023](https://www.circularity-gap.world/2023)* (p.22). Amsterdam: Circle Economy. 

Four Flows Framework

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 Contributed photo     April 06, 2021    PEDDLR, a free-to-use mobile application developed by Eastern Visayas homegrown startup company, will soon become a smart tool for more than 6.9 million registered and unregistered small businesses in the Philippines for them to earn more and manage their operations better.Nel Laygo, chief executive officer and founder of Peddlr Philippines Inc., said they developed the smart POS (Point of Sales) app to assist small and micro business in recording sales, log expenses and understand business performance.“Most of the businesses still use pen and paper in their businesses, which is not only time-consuming but also inefficient. With Peddlr, they will be at par with big businesses with their own POS Systems,” said Laygo.“One of the challenges of businesses is recording their sales, inventory, and even compiling reports. We developed Peddlr, a mobile app to do all of that and more,” he added.Peddlr Philippines Inc. has also developed the app to help around 50,000 small businessmen in Eastern Visayas “so they can generate easy-to-understand accounting reports and other data.”“Normally a POS device costs around P30,000 to P90,000 which is the main reason why small and micro businesses have lower technology adoption rate. They can’t afford it,” said Laygo, who is a native of Catbalogan City.“With the pandemic still ongoing, businesses are discovering going online and mobile, and we’re here to help them shift to this new tech. In fact, Peddlr is now top one in Google searches, in the Appstore and also in GooglePlay, so I think we’re on the right track,” he added.Aiko Reyes, chief operating officer and co-founder, said their main goal is to jumpstart Philippine micro and small businesses to the digital world and put them at the heart of economic recovery for 2021 and beyond.Queenie Lazam, finance director, said the app has gained popularity especially in the sari-sari store categories.“We’ve all been aggressive on hearing user’s feedback from early beta testers and delivered constant updates to the app in around every 3 to 7 days. That’s why we’re so excited because in just seven weeks of roll out from app stores, we have more than 5,000 users,” she added.The company has also eliminated complicated processes so that micro and small businesses can easily adjust to the app.“The app is faster, better, more stable and has even more features, that’s why we’re ready to launch it nationwide,” added Peddlr Marketing Director Aaron J.P. Almadro.Meanwhile, Francis dela Cruz and Nelson Bathan Jr., both lead developers of Peddlr, maintained that the app is user-friendly.“Peddlr has Bluetooth capabilities. Even without the traditional desktop with CPU, printer, and cashbox, with Peddlr, any business can print receipts, reports, and inventory database to a Bluetooth printer,” said dela Cruz.Bathan added that they are focusing on the mobile app since most businesses have easier access to smartphones.Peddlr, which works offline or even without data and internet connection, released its first android version in January 2021 and iOS version in February 2021.To install the app, users can search “Peddlr” in the Apple Appstore and GooglePlay Store.All users are also encouraged to join the “Peddlr User Community” Group on Facebook for further questions and technical support concerns. (SunStar Philippines)  Disclaimer SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted. Forum Rules Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS! 


   Public Market Vendor    Coffee Shop    Milktea Shop    Food Stall / Cart    Carinderia    Canteen    Sari Sari Store    Bakery    Mini Grocery    Homebased Seller    Online Store    Other Small Retail Outlets  

Philippines

Catbalogan

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Peddlr is a smart Point of Sale (POS) mobile application that that helps Micro, Small, and Medium Enterprises (MSMEs). Peddlr allows you to automatically record your sales and log your expenses and generates basic accounting reports for you to understand your business performance.

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Peddlr

Peddlr is a free and easy to use mobile application that aims to support the&nbsp;Micro, Small, and Medium Enterprisesm (MSMEs) in the Philippines. It is a smart tool to help more than 6.9 million registered and unregistered small companies run their operations more effectively through inventory management, sales reports, accounting&nbsp;&nbsp;tools, expense tracker, and access to financial reports.&nbsp;