Lyfe 2 - a visibility tool to enable a circular economy
90% of materials are currently wasted*. This is despite many best efforts to recycle and re-use goods. This is not sustainable in a world where resources are becoming scarcer.
Lyfe2 supports company goals of becoming circular, reducing waste and actually profiting from sustainability—a win-win scenario for business, people and the planet.
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A product - some office or lab equipment, marketing or warehousing materials, tools or machinery is used - it's first life.
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But then, for whatever reason, it’s no longer required. It’s in good condition so why not re-use it?
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HOW?
The Lyfe2 platform enables full visibility of what is available in a business -
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OFFER Upload photographs, a description, location and technical data. Publise it's availability, then move and re-use.
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REQUIRED Before buying an item, search the catalogue. Request the item and re-use.
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OR​
If no second life is found, items can be sold to either an internal or external (gated) audience.
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REPORTING​
Track each item -
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the CO2 saved (production plus logistics to use point)
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the financial savings -
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Cost avoidance not re-purchasing
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Cost avoidance on warehousing
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Cost saving on destruction
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This data gives actionable insights and numerically confirms company sustainability credentials.
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This tool would suit companies that are international, franchised, individual business units within a larger group, working in silos, a sub-contracting group, an umbrella corporate structure or government agency - where information sharing is sub-optimal.
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* Source - The Circle Economy’s 2023 Circularity Gap report
HOW
By giving full visibility of what is surplus in a business, offering the chance for it to be re-deployed within another business unit or in a differnt country, for example
SELL
If, after a defined time, no re-deployment is found, the tool opens up the possibility of selling the goods, either to an internal or external audience
WAREHOUSE SYSTEM
Without packaging, a barcode or reference number, Lyfe2 compliments a warehouse management system
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All on a stand alone, secure, branded and customerisable platform
SUSTAINABILITY REPORTS
Track CO2 savings
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Avoids landfill
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Avoids CO2 destruction emissions
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Contributes to net-zero targets
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Increases corporate sustainability credentials
FINANCIAL REPORTS
Total Cost of Ownership reduction
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Cost avoidance - price to zero
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Amortalize the original purchase over a longer time frame
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Reduced warehousing fees
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Reduced order lead times
(The item is already within the business)
AUDIENCE
This tool would suit companies that are international, franchised, individual business units within a larger group, working in silos, a sub-contracting group or an umbrella corporate structure - where information sharing is sub-optimal