Capital Equipment Coalition North America Insights Report: Digital Technologies for a Circular Transition
The U.S. Chamber of Commerce Foundation, in partnership with Philips and the Platform to Accelerate the Circular Economy (PACE), launched the Capital Equipment Coalition (CEC) North America in February 2021 to create a collaborative forum that works to reduce the environmental footprint of the capital equipment sector.
The U.S. Chamber Foundation convenes quarterly workshops with members of the CEC North America to discuss both individual and collaborative actions that members of the industry can take to move toward a more circular future. Each workshop focuses on 1 of the 10 calls to action in the Action Agenda created by PACE. The coalition’s April meeting focused on call to action 9, Leveraging Digital Technologies for a Circular Transition.
Digital technologies are critical enablers to move from a linear to a circular economy. In addition to being a call to action on their own, they are also essential for achieving several other calls to action. For example, using digital twin technology to manage assets remotely, building in remote sensors on capital equipment, and applying digital passport technologies for increased product traceability are all part of the digital transition. While the April workshop focused on a wide range of topics, they were all considered through the lens of how digital strategies can enable this transition. Learn more in our latest insights report.
Interested in joining the Capital Equipment Coalition? The coalition is accepting additional capital equipment manufacturers and operators to join the effort. To learn more, please contact the U.S. Chamber Foundation’s Sustainability and Circular Economy team at email@example.com.