Closing the Loop in technology - extend the lifeline of your IT assets
The circular economy encourages advanced recycling practices that promote the capture and reuse of recycled materials into new products. The same goes for IT assets and technology devices.
This approach not only reduces waste but also conserves natural resources by ensuring that materials are continuously cycled back into the production process. With a goal of “everything that is old becomes new again,” the circular economy aims to create a sustainable loop where discarded items are not seen as waste but as valuable inputs for new manufacturing.
By reintroducing the recycling materials back into the forward supply chain, companies and technology manfucaturers can minimize their environmental footprint, reduce costs associated with raw material procurement, and contribute to a more sustainable future.
This holistic approach to IT asset management is essential for addressing the growing environmental challenges and fostering a more resilient and circular economy.
Benefits of reusing and recycling technology assets to close the loop in technology value chain from manufacturing to end-of-life
Advanced recycling techniques and repurposing technology assets can help close the loop in the technology, here are 6 benefits of this for electronics manufacturers and businesses:
1. Recovering Essential Materials:
Recycled tech devices are rich in vital components like metals (e.g., gold, silver, copper), plastics, and rare earth elements. By reclaiming these materials, manufacturers lessen the dependency on virgin resources, thereby conserving natural resources and mitigating the impacts of mining.
2. Mitigating E-Waste:
By keeping outdated IT assets in use through refurbishment, remanufacturing, or material recovery, companies can significantly reduce the amount of e-waste that ends up in landfills, thereby decreasing pollution and toxic hazards.
3. Cutting Production Costs:
Integrating recycled materials back into the production process can result in substantial cost savings for manufacturers, particularly when raw materials are scarce or costly.
4. Reducing Carbon Emissions:
Recycling and reusing components help lower the carbon footprint associated with the extraction, processing, and transportation of new raw materials. This directly supports sustainability objectives and aligns with carbon reduction initiatives.
5. Prolonging Product Lifespan:
Circular practices, such as refurbishing or upgrading old devices, extend the life of IT assets. This reduces the need for frequent new production, promoting a more sustainable manufacturing ecosystem.
6. Advancing ESG and Sustainability Reporting:
Using recycled materials in the technology supply chain showcases a commitment to sustainability, aiding companies in meeting their environmental, social, and governance (ESG) goals and producing more transparent sustainability reports.
Close the Loop in Technology Manufacturing [Infographic]
- How technology chain framework works and crucial steps in the process
- Where technology lifeline provision takes place, associated with IT asset value recovery
- Where to recycle and reintegrate used material and IT components in the Technology Value Chain
SK tes ITAD and electronics recycling services for manufacturers and businesses
We provide comprehensive IT Asset Disposition and electronics recycling services tailored for manufacturers and businesses. Their offerings include secure data destruction to protect sensitive information, eco-friendly recycling to ensure environmental compliance, and IT equipment refurbishment and data center decommidioning services to extend the life of your IT assets.
Explore ITAD services, E-waste recycling services or get in touch to discuss your project today.
