The circular economy playbook

In this episode, Ali and Graeme interview guests Alessandro Figueroa, head of SMB business for commercial solutions at Visa Europe and Linda Weston, managing director, head of commercial issuing at Barclaycard Payments about the vast economic opportunities for circular “recommerce” business models.They discuss both Visa's and Barclaycard’s research measuring the significant and ever growing contribution of recommerce businesses – such as resale, reuse, repair and rental businesses – to the economy; and how businesses are already measuring the fiscal benefits of switching to recommerce revenue streams to meet consumer demand.They also outline the role that payment providers and card issuers can play in supporting circular recommerce businesses to thrive in a changing world, with shifting consumer demands and wider motivations around sustainability, and their role in making people’s experience of recommerce shopping smooth and frictionless.Resources mentioned throughout the episode:Visa - Recommerce hubBarclaycard Payments research – Recommerce RevolutionRepair Week – 130+ events taking place across London from 11-17 MarchFat Llama – Rent (almost) anything Library of Things – Borrow useful Things for your homeBundlee – Rent baby and toddler clothesThe Seam – Care and repair services for clothing and accessoriesSplendid Stitches – Clothes repair serviceEON – Track your clothing or product’s lifecycle with a digital passportAgain - Making reusable packaging as affordable, accessible and scalable as single useBack Market - Global marketplace for refurbished devicesVinted - Online marketplace for buying, selling and exchanging new or second-hand items, mainly clothing and accessoriesLoma – Second-hand and rental site aggregatorTwice – Sell, rent and resell circular commerce marketplaceDecathlon – Free Bike Health Check Repair Week workshop at various London storesSOJO – Door-to-door clothing alterations and repairsREWORK – White goods refurbishment project in WandsworthCorrection: Alessandro Figueroa is head of SMB business for commercial solutions at Visa Europe, not head of strategy and B2B partnerships as stated in the intro.