BearingPoint Inc.
07/04/2024 | Press release | Distributed by Public on 07/04/2024 01:07
Encory enhances economic circularity and profitability through strategic partnerships
BearingPoint assists Encory in establishing a network of partners to enhance its ability to provide innovative solutions and new business opportunities.
Amsterdam, July 4, 2024 - The circular economy offers a sustainable alternative by maximizing resource use and minimizing waste, providing significant benefits for all stakeholders. A good example is remanufacturing, a process in which a used product is rebuilt to the specifications of the original product, which results in reaching sustainability and profitability goals through extended lifespan, reduced waste, and lower production costs. Encory is an end-to-end circular solutions provider focusing on developing and operating circular approaches across industries. It continuously assesses products' economic and environmental potential, with reusing, repairing, remanufacturing, repurposing, and recycling playing a crucial role.
Encory sought new ways to achieve ambitious growth targets in an increasingly competitive market. Circularity is a complex sector that involves multiple functions, including finance, strategy, waste management, production, and logistics. Therefore, the company wanted to establish strategic partnerships to deliver innovative solutions to end customers while using sustainable practices and optimizing costs.
Enabling the advantages of strategic cooperation
As a partner and trusted advisor, BearingPoint supported Encory in establishing its presence in the circular economy by providing strategic consulting and practical implementation of circular business models in Europe. The joint team embarked on an extensive Partnership Strategy project to unlock the power of cooperation. BearingPoint conducted thorough research, including market analysis, stakeholder interviews, innovation workshops, and expert exchanges, to ensure a comprehensive understanding of the industry and potential collaboration opportunities. A list of potential partnership ideas aligned with Encory's existing services and business models was generated based on the collected data.
BearingPoint meticulously evaluated each potential alliance and estimated the possible impact on the company's growth. Based on the evaluation results, the project team developed a comprehensive roadmap with the necessary steps for successful partnership execution. BearingPoint subsequently designed the Partnership Strategy, identifying suitable partners and the optimal approach for engagement and collaboration.
Our mission to scale our circular business models requires collaboration across stakeholders. BearingPoint provided us with a comprehensive strategy for circular economy partnerships, offering innovative insights and a strong basis for decision-making. This sets the stage for an ecosystem that enables our clients to grow their sustainable value chains.
Hanno Grosseschmidt, Managing Director at Encory
Mastering circularity as part of its sustainability strategy is a key success factor for every forward-looking actor in Automotive, the Industrial Manufacturing Industry and beyond. Supporting Encory in applying our strategic consulting skills to explore ecosystem-based market opportunities makes us extremely proud: We strengthened the foundation for our client's future success. As BearingPoint, we are committed to creating sustainable value and connecting market-players to accelerate circularity across industries. We are very grateful to everyone involved in this successful project.
Melanie Tobler, Partner at BearingPoint
About Encory
Founded in September 2016, Encory is a joint venture that combines the expertise of BMW Group and Interzero. The company provides comprehensive circular solutions that cover a wide range of services, including sustainable remanufacturing projects, complete reverse supply chain management, and secure recycling of obsolete products, proving that economic efficiency and sustainability are not only compatible but can also jointly drive success.
About BearingPoint
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services.
BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.
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