The biggest hurdle to achieving circularity in the built environment is engagement and commitment from stakeholders. According to a survey by EMF & ARUP, more than 75% of respondents believe increased engagement is needed with stakeholders along the value chain to increase asset exchange. Platforms, such as Rheaply’s AxM , work best when they become the first stop in sourcing materials for an adaptive reuse project. To amplify the effectiveness of these exchanges, organizations have to focus on sharing their own idle assets in addition to buying assets for their next project. Take furniture as an example. Not all furniture is designed for adaptive reuse, and so leveraging existing assets that are nearby can help reduce costs and environmental waste. In the United States alone, 15 million tons of furniture are wasted annually and only 2% is recovered for recycling. Yet, people are constantly moving around the country, and so the used furniture market is estimated to be worth $10 billion. This highlights why an effective circular economy for the built environment is not just about using others’ secondary materials. It’s also about sharing your own, which can generate significant profits for your business while reducing stress on the planet.
enters the $10 billion used furniture market
15 million tons of furniture are wasted each year
goes to a landfill
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