What Are the Challenges in Adopting a Circular Economy?
Despite its benefits, adopting a circular economy can pose challenges for entrepreneurs. These may include:
Initial Investment: Transitioning to circular practices may require significant upfront costs. Supply Chain Complexity: Building a sustainable supply chain can be complicated and time-consuming. Consumer Awareness: Educating consumers about the value of circular products and services can be challenging. Regulatory Barriers: Navigating different regulations and standards can be difficult.