Every year Earth Overshoot Day serves as a warn ing It s the day of the year on which the usable resources of our planet have been used up and we start living at the expense of future genera tions for the rest of that year In 1970 Earth Over shoot Day was December 29 in 2000 it was Sep tember 23 and in 2022 it s an even earlier date in the summer This trend clearly shows that it s high time we did a better job of managing our resources Conventional business models have to be reimagined to prevent that reduced con sumption leads to inferior products or impaired quality of life That s what the Association of German Engineers VDI says too Good exam ples of reimagining conventional business mod els can be found in the mobility sharing sector where a large number of users share vehicles be it cars scooters or bicycles In the tools and rec reational products markets rental offerings are spreading as well In the United States the num Less is increasingly turning into more ber of rental product users nearly doubled from 44 8 to 86 5 million between 2016 and 2021 The smartphone as a case in point emphasizes that there s huge potential for resource conversation in the manufacturing sector as well According to an analysis by Avfall Sverige the Swedish waste management and recycling association almost metric tons 82 million short tons of electronic waste might be generated by 2030 according to the Global E waste Monitor compared to 53 6 million metric tons 59 million short tons in 2019 A major reason is the fact that instead of being repaired many products are disposed of as waste and have to be replaced by the production of new ones 74 million 44

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