The labs
Circular Products and Services Lab
Innovation for the development and dissemination of circular products and services.
Products and services, as currently designed, are often not aligned with the ongoing circular transition. The Lab focuses primarily on understanding how to develop, promote, and market circular products and services. Indeed, new production models also rely on customers recognizing the value of circularity and sustainability in products and services.
Objectives
The Circular Products & Services Lab aims to explore and promote the development of products and services that align with the principles of the circular economy.
The objective is to understand how these products and services can be designed, marketed, and valued to support the transition towards more sustainable consumption and production models. The Lab also seeks to raise awareness among consumers and corporate purchasing professionals about the value of circularity, positively influencing their purchasing decisions and encouraging the widespread adoption of circular products and services in the market.
Challenges
One of the key challenges faced by the Lab is the disconnect between the design of current products and services and the requirements of the transition to a circular economy.
Another significant challenge is gaining recognition of the value of circularity from both end consumers (B2C) and corporate purchasing professionals (B2B). Often, there is a lack of clear and compelling information to guide their decisions toward more sustainable choices. Additionally, promoting new service models, such as sharing and renting, requires cultural change and greater acceptance by consumers, who need to be actively involved in new circular business paradigms.
Areas of Focus
The Lab concentrates its efforts on studying the drivers and barriers that influence purchasing decisions for circular products and services, both for end consumers and corporate buyers.
Key areas of focus include analyzing the information and characteristics that determine preferences for sustainable products, such as refurbished items, second-hand goods, and eco-friendly packaging. Another field of research concerns the effectiveness of communication and marketing strategies in promoting circularity. The Lab also explores the role of new services, such as renting and sharing, in facilitating the transition to a more circular economy, studying how to actively engage consumers in supporting new circular business models.