Today, the global economy is only 8.6% circular — just two years ago it was 9.1%. The global circularity gap is widening. There are reasons for this negative trend, but the result remains the same: the news is not just bad, it is worse. The negative trend overall can be explained by three related, underlying trends: high rates of extraction; ongoing stock build-up; plus, low levels of end-of-use processing and cycling. These trends are embedded deep within the ‘take- make-waste’ tradition of the linear economy — the problems are hardwired. As such, the outlook to close the circularity gap looks bleak under the dead hand of business as usual. We desperately need transformative and correctional solutions; change is a must.