Hello Tomorrow and BCG's report titled 'Nature Co-Design' focuses on co-designing with nature.
The 4th industrial revolution, known as co-design with nature, has brought about a new wave that will redefine supply chains, value pools, and business processes in advanced technology and machine learning. Despite the many disruptive effects already observed, it has opened new doors for us in terms of economic growth. At the same time, challenges posed by climate change and the depletion of our limited resources have also been addressed. On the other hand, in order to leverage the design principles and production capabilities of nature at an atomic level, biology, materials science, and nanotechnology were utilized.
We can examine the effects of co-designing with nature in four points:
It expands the area of options and alters value pools to create new value.
Co-designing with nature forces us to rethink from a value chain to a value network by converting waste into resources.
Co-designing with nature reflects the precision and selectivity of design that will redefine the economy through production with nature.
Co-designing with nature requires scientific knowledge and strong imagination.
As we can derive from these points, co-designing with nature will have significant impacts on our lives. The market opportunity of the co-designing with nature method, which will offer new opportunities in numerous fields, will also be quite large. According to a report by WEF, it is estimated that eco-friendly solutions could generate 10 trillion US dollars by the end of 2030.
As co-designing with nature rapidly becomes a trend, it is reaching a level that will affect all sectors of the economy. Businesses that adopt this design will take a step ahead in transforming into a sustainable future.
For more information and data, you can access the full report prepared by Hello Tomorrow and BCG here.
