New DIESEL UPCYCLING FOR Project Embraces Sustainability

The circular economy offers OEMs in the enterprise technology market new revenue streams, improved sustainability and enhanced brand protection. By outsourcing downstream processes, including reverse logistics, repair services, de-manufacturing, warehousing and IT asset disposition, manufacturers can maximize product value and free up their resources to focus on new innovations. Today’s technology manufacturing landscape is one of balance between meeting consumer hyper-demands for “the next big thing” and carefully managing finite resources. The circular economy is a global movement that attempts to strike that balance through reverse logistics, repair strategies and sustainable reuse. Original equipment manufacturers (OEMs) participating in the circular economy are leveraging sustainable practices to extend product lifecycles and capture value long after the initial product sale.

Efficient resource consumption can save 22.8 billion tonnes of carbon and help avoid climate breakdown, according to a new report from impact organisation, Circle Economy. 
Circular economy strategies can cut global greenhouse gas emissions by 39% and play a crucial role in avoiding climate breakdown, the report suggests, which is launching today (26 January) during the World Economic Forum’s virtual Davos Agenda Week. The Circularity Gap Report finds that the 22.8 billion tonnes (Gt) of annual emissions associated with creating new products from virgin materials can be eliminated by applying circular strategies that drastically reduce the amount of minerals, fossil fuels, metals and biomass consumed by the world’s economy.