Innovative service based business models & circular strategies for textiles - a review - Projects
Updated : October 2020
The report presents details of successful and innovative service-based business models and circular strategies in the textile industry. The deep-dive cases have been selected from 250+ different business concepts that were observed in the global textile industry.
The report also proposes a business model framework to categorize the different business models. Guidelines for businesses on the suitability of the type of business model and key drivers and challenges are also presented.
It discusses business models that apply one or more out of three main approaches: Circular (creating value from waste), Servitization (functionality over ownership), or Sufficiency (encouraging effective use of resources).
Read More: Circular strategy for textiles