English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Remanufacturing a multi-billion opportunity

LONDON: A report by the UK's All-Party Parliamentary Sustainable Resource Group says Britain has the potential to expand its remanufacturing sector from £2.4 billion to £5.6 billion per year and has called on the government to set up a Centre of Excellence with a leading university to expand the practice.

In addition to creating thousands of skilled jobs, the study says remanufacturing or "reman" results in the reduction of CO2 emissions, resource use and water consumption and can be considered one element of the wider 'circular economy', where products and components are designed, made and reused.

caterpillar remanufacturingThe group of MPs, chaired by former Conservative party environment secretary Caroline Spelman, cites the example of the U.S. - the largest reman country in the world. Between 2009 and 2011, despite the Great Recession, the value of U.S. remanufacturing grew by 15 percent to over $43 billion and supported 180,000 full-time employees in over 70,000 companies.

According to a study by the Stuttgart-based Fraunhofer Institute, the annual cost-savings from worldwide remanufacturing would equal the electricity output of five nuclear power plants; leave 10.77 million barrels of oil in the ground for carbon capture; save enough raw materials to fill 155,000 railroad cars in a train 1,100 miles long; and reduce annual CO2 emissions by over 800,000 tonnes - roughly equivalent to one percent of the world's auto emissions.

The parliamentary study notes that remanufacturing also presents a strong business opportunity - possibly twice as profitable as OEM. "Using either a sales-based business model with slightly reduced prices or using a leasing model (where customers effectively pay the same price as for a new product) the competitive advantage for businesses is vast," it says.

However the members of the group warn that international trade conditions are a key barrier to encouraging the remanufacture of products: "Many countries such as Brazil, China and Russia do not have a set of standards that distinguish remanufactured products from used products so [they] cannot be imported. Remanufacturers may have to develop a plant in a particular country in order to sell products in that country. A commonly accepted global definition of remanufacturing would help overcome these trade barriers," they add.

News

Written on 28/04/2017, 19:13
amazon-3rd-party-fulfillment-revenue-up-34-percentSEATTLE: April 28, 2017. Amazon has reported net income of US$724 million on sales of US$35.71 billion for the first quarter of 2017. Results for the...
Written on 27/04/2017, 19:19
ai-to-feature-at-transport-logistic-in-munichMUNICH: April 27, 2017. A survey of German logistics executives says 70 percent of respondents are investigating the use of artificial intelligence...
Written on 27/04/2017, 17:28
hapag-lloyd-best-shipping-line-brandBERLIN: April 26, 2017. Readers of "Logistik Heute" magazine and a panel of experts from the German Logistics Association (BVL), have recognized...
Written on 27/04/2017, 15:54
british-brands-hit-by-brexitLONDON: April 27, 2017. Valuation and strategy consultant Brand Finance says British brands have lost 6.0 percent of their value since the Brexit vote...
Written on 25/04/2017, 22:01
fraport-gets-cargo-and-greece-gets-1-2-billionFRANKFURT AIRPORT: April 24, 2017. The Fraport 'Speed Gate' at CargoCity South, where pallets are unloaded at four automated gates, security checked...
Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...
Written on 21/04/2017, 19:44
air-cargo-volumes-rise-as-yields-remain-a-challengeGENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent...
Written on 21/04/2017, 18:40
u-n-cuts-cost-of-air-fleet-and-food-distribution-timesNEW YORK, NY: April 21, 2017. The United Nations is to cut its aircraft fleet and limit passenger flights to essential travel only, after revealing the...
Written on 19/04/2017, 20:20
benefits-to-outweigh-gothenburg-dredging-billGOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the...
Written on 18/04/2017, 19:37
siemens-to-set-up-logistics-head-office-at-expo-2020-dubaiMUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to...
Written on 18/04/2017, 14:18
abu-dhabi-ports-provides-free-humanitarian-warehouseABU DHABI: April 18, 2017. Abu Dhabi Ports is providing the Emirates Red Crescent Authority (ERC) with a 550 square meter warehouse in Zayed Port as part...
Written on 13/04/2017, 19:11
emirates-sky-cargo-lifts-america-s-cup-challengerDUBAI: April 13, 2017. Bookmakers are giving America's Cup challenger Emirates Team New Zealand 3:1 odds to win the sailing competition when racing ends...
Written on 13/04/2017, 16:05
blockchain-used-in-pharma-supply-chainBEIJING: April 11, 2017. IBM and China-based supply chain manager Sichuan Hejia have launched the 'Yijian Blockchain Technology Application System', a...
Written on 12/04/2017, 18:10
k-n-and-alibaba-to-leverage-btb-ecommerceSHANGHAI: April 12, 2017. Kuehne + Nagel and Alibaba.com, the B2B business arm of the Alibaba Group, are combining their respective capabilities to offer...
Written on 12/04/2017, 16:58
dedicated-freighter-for-swiss-pharma-exportsMADRID: April 12, 2017. IAG Cargo has officially launched a weekly freighter service between Basel and Madrid to feed its Latin America network with Swiss...
Written on 11/04/2017, 20:15
miami-boosts-airfreight-traffic-eight-percent-by-valueMIAMI: April 11, 2017. The U.S. Department of Commerce says air cargo traffic through Miami International Airport (MIA) rose eight percent by value last...
Written on 07/04/2017, 22:03
u-s-roads-worse-than-namibiaWASHINGTON, DC: April 07, 2017. Testifying before the U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and...
Written on 07/04/2017, 20:29
lng-bunkering-arrives-at-jacksonvilleJACKSONVILLE, FL: April 07, 2017. BBC Chartering has delivered two 260-ton cryogenic liquefied natural gas (LNG) storage tanks for Crowley Maritime's new...
Written on 06/04/2017, 23:00
air-cargo-upturn-will-it-lastGENEVA: April 06, 2017. IATA reports a 12 percent rise in freight tonne-kilometers in February compared to the same month last year - almost four times...
Written on 06/04/2017, 21:59
t-pod-designed-to-replace-swedish-trucksSTOCKHOLM: April 6, 2017. Swedish technology designer Einride has created an electric, self-driving “cargo with wheels” vehicle called a ‘T-pod’ that can...

- powered by Quickchilli.com -