Re-defining Value – The Manufacturing Revolution Remanufacturing, Refurbishment, Repair and Direct Reuse in the Circular Economy
The Manufacturing Revolution: Remanufacturing, Refurbishment, Repair and Direct Reuse in the Circular Economy
This report connects the potential for resource efficiency, via circular economy and the value-retention processes (VRPs), with a policy-relevant lens. It is one of the first to quantify the current-state and potential impacts associated with the inclusion of VRPs within industrial economic systems.
In order to do that the assessment applies the different VRPs to a series of products within three industrial sectors and quantifies benefits in relation to the original manufactured product, such as the material requirement, the energy used, the waste as well as the costs and the generation of jobs.
The report also highlights the systemic barriers that may inhibit progressive scale-up including regulatory, market, technology and infrastructure barriers, and how they could be overcome.