Contrary to popular thinking in various companies, the circular economy isn’t the latest sustainability fad and shouldn’t be thought of as a recycling or green program. It requires top-down management and change across a company, including reevaluating product design, business models, and the supply chain. In this episode of the McKinsey Podcast, McKinsey partner Eric Hannon and senior partner Clarisse Magnin explain what the circular economy is and how companies create loops throughout to recapture value that would otherwise be lost.
