{"id":5527,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-09T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5527"},"modified":"2024-12-09T15:44:42","modified_gmt":"2024-12-09T07:44:42","slug":"daily-markup-1134-imotorbikes-circular-economy-principles-help-consumers-make-sustainable-choices-without-sacrificing-affordability","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5527","title":{"rendered":"Daily Markup #1134: iMotorbike\u2019s circular economy principles help consumers make sustainable choices without sacrificing affordability"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdnxFt7fTPk9MeOFgdE_D5NCOvm9YH2fd62VNT2J2xBVrQICDzGWWmX371ooh1JvyWeiclftdsgx1p5TQDS_-rVyijmkFaDohciiEaSZ4PsCNPH_I6PleWh988ldWD_rfbTPHkr?key=oG8cDnwRkKGoPnkNKgd9ZXSx\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: iMotorbike<\/figcaption><\/figure>\n\n\n\n<p><strong>Wheels of change<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Between affordability and sustainability, which would you choose? In Southeast Asia, affordability tends to come first, but <a href=\"https:\/\/www.linkedin.com\/in\/gilcarmo\/\">Gil Carmo<\/a>, Co-founder &amp; CEO of 500-backed <a href=\"https:\/\/imotorbike.com\/my\/\">iMotorbike<\/a> believes this is changing.<\/li>\n\n\n\n<li>\u201cSustainability and quality are not opposing forces; they can work hand in hand when supported by the right processes and a genuine commitment to the environment,\u201d he shared.<\/li>\n\n\n\n<li>Gil believes the solution lies in adopting circular economy principles, which focus on reducing waste and extending product lifecycles.<\/li>\n\n\n\n<li>At iMotorbike, this means encouraging trade-ins, reusing parts wherever feasible, and investing in eco-friendly refurbishment technologies. Refurbishing and reselling secondhand bikes reduce waste, and make affordable transport options accessible to more consumers.<\/li>\n\n\n\n<li>This approach lowers production costs, reduces dependence on raw materials, and creates new revenue streams while minimising environmental impact.<\/li>\n\n\n\n<li>What\u2019s more, circular economy practices also strengthen the local ecosystem. A community-driven approach of supporting local businesses and suppliers involved in parts recovery, repairs, and refurbishment can enhance the entire supply chain.<\/li>\n\n\n\n<li>Gil is optimistic about the future of Malaysia\u2019s transport industry: \u201cWe are already seeing early signs of change, and these trends will only accelerate.\u201d<\/li>\n\n\n\n<li>Read the full story <a href=\"https:\/\/bit.ly\/49olVt8\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Wheels of change<\/p>\n","protected":false},"author":5,"featured_media":5528,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[331],"class_list":["post-5527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-imotorbike"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #1134: iMotorbike\u2019s circular economy principles help consumers make sustainable choices without sacrificing affordability - 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