2.4.5 Barriers for refurbishment decision
Course subject(s)
Module 2. Business Value in a Circular Economy
THE BUSINESS VALUE OF REFURBISHMENT (3/3)
In the third video, Nestor describes three barriers for refurbishment. Keep these in mind! In the fourth episode of this course, we return to the opportunities and challenges of refurbishment and remanufacturing.
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MAIN TAKEAWAYS
Three general barriers for refurbishment:
- Perception: the idea that refurbished products are of lesser quality.
- International trade barriers and other regulatory barriers can make it difficult to trade refurbished products or components.
- Commitment from top management. Closing the loop through refurbishment needs to be a strategic business decision.
Circular Economy by TU Delft OpenCourseWare is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Based on a work at https://ocw.tudelft.nl/courses/circular-economy/.