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Tuomo Laine

🌱 Profitable & Sustainable Circular Commerce

Tuomo Laine is a prominent entrepreneur and the CEO and co-founder of Twice Commerce, formerly known as Rentle, which is a platform dedicated to circular commerce. His work focuses on promoting sustainability and reducing waste through innovative business models that empower merchants to shift from ownership to access-based models. This approach aligns with his commitment to using entrepreneurship as a means for social and environmental change, which is reflected in his role as an Unreasonable Fellow.124

Laine graduated with a Master of Science from Aalto University in Helsinki, where he studied Information Networks. His educational background equips him with a unique perspective on integrating technology, design, and business to address societal challenges, particularly in the context of the circular economy.14

As part of the Unreasonable Fellowship, Laine is involved in initiatives that seek to repurpose capitalism to drive sustainability and tackle pressing global challenges. He believes in evolving capitalism to better align with contemporary needs, emphasizing the importance of circularity and sustainability in business practices.134

In addition to his entrepreneurial pursuits, Laine occasionally lectures at Aalto University, sharing his insights on venture building and sustainable business practices.56

Highlights

Aug 28 · linkedin

Can traditional retail be truly sustainable? (and what are the shifts we need to make)

I was happy to share my perspective on the Unbossers Podcast.

Where Nick Van Langendonck and I talk all things circular models and recommerce.

Here are a few topics we discussed:

1️⃣ Circular model explained 2️⃣ Infrastructure level of recommerce 3️⃣ Building vs buying circular infrastructure 4️⃣ Strategic and economic benefits of the circular model

↓↓↓

Watch here: https://lnkd.in/ekYnz7aX Listen on Apple: https://lnkd.in/eDzmc9AV Listen on Spotify: https://lnkd.in/e8Z_Rijh

P.S. Nick Van Langendonck, thank you for being a great host!

Aug 22 · linkedin

My biggest advice on kickstarting your circular revenue model in retail?

Spend more time in spreadsheets at least in the early days.

Focus 80-90% of the initial time on modeling the business case. Using your best-educated guesses, qualify what models make sense for each of your product categories (if any). Identify the critical bottlenecks and profit drivers in the combinations of business models and product categories. After this, you are 10x better equipped to reach out to and qualify potential service providers.

When sustainability initiatives start, we often over-invest our headspace in handprint analysis and various impact analyses. They are important, but quite often they don't define whether the initiative gets to live past the POC phase. They rarely also help you figure out whether to build or buy solutions - and from whom.

So I argue, that it makes the most sense to:

1️⃣ Figure out your best guess for the unit costs 2️⃣ Identify the critical profit drivers you need to excel in 3️⃣ Go to the market to find the best solution or team to work on those

Obviously, I base this on the idea, that going circular is more sustainable by definition. The time to quantify and optimize the handprint starts when you've proven to your organization that the initiative will live beyond a POC as a new profit stream.

Thoughts?

Related Questions

What inspired Tuomo Laine to pursue a career in circular economy?
How does Twice Commerce differ from traditional e-commerce platforms?
What are some success stories from merchants using Twice Commerce?
How does the Unreasonable Fellowship support entrepreneurs like Tuomo Laine?
What are the main challenges Tuomo Laine faces in promoting circular economy?
Tuomo Laine
Tuomo Laine, photo 1
Tuomo Laine, photo 2
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Location

Helsinki, Uusimaa, Finland