Strategic Focus: Redefining The Role Of Remanufacturing In The Circular Economy Through Innovation
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Executive Summary
Remanufacturing has been driven by established industries such as automotive and electronics for decades, but has recently experienced growth in emerging sectors such as renewable energy and semiconductor manufacturing. Advancements in technologies such as machine learning, additive manufacturing and robotics are enhancing profitability, efficiency and sustainability within the remanufacturing process. These innovations promise to reshape the industry landscape, offering opportunities for increased circularity, reduced environmental impact and improved resource utilization. This report examines the current state of remanufacturing, the industries driving it and the technologies that are reshaping it.
Table of contents
The case for remanufacturing in an evolving circular economyRemanufacturing enables maximum value retention in the age of circularity
Remanufacturing offers a unique value proposition for manufacturers, dealers and customers
Remanufacturing still faces misconceptions and process inefficiencies
Innovation is helping to redefine the remanufacturing sector
New and growing markets are driving the adoption of remanufacturing
Remanufacturers can leverage technology to improve efficiency, increase profitability and strengthen sustainability
Table of figures
Figure 1. The remanufacturing process and key actorsFigure 2. Product life cycle and core differentiators between remanufactured and refurbished products
Figure 3. Tailwinds driving remanufacturing adoption and headwinds slowing further expansion
Figure 4. Innovations in technology and software systems allow remanufacturers to optimize their operations
Organisations mentioned
Arena, Atlas Copco, BBB Industries, Boston Consulting Group (BCG), British Standards Institution (BSI), Caterpillar, Cisco, Cummins, Dassault Systèmes, Deloitte, Entrepix, European Commission, Ford Motor Company, Hilti, Hitachi, Hitachi Construction Machinery, IFS, memsstar, Mercedes-Benz, Ørsted, Panasonic, Phillips, PTC, Redwood Materials, Renewable Parts, Rockwell Automation, SAP, sentin, Siemens, Stryker, Toyota, TTL, US Bureau of Labor Statistics, US Food and Drug Administration, Vanguard, Volkswagen GroupAbout the authors
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