Collaboration across industry verticals is becoming crucial in creating effective Circular Economy initiatives to drive the development across reuse and recycling of EEE to minimize waste generation, create new value channels, and mitigate future obsolescence of key materials and components.
In November 2023 Jabil Inc., a leading global design, manufacturing, and advanced supply chain solution provider successfully acquired Retronix Ltd, a UK-based key player in the electronic component reclamation and refurbishment market. The acquisition underscores Jabil’s commitment to sustainability initiatives by enhancing its portfolio of services in the scope of extraction of valuable components from printed circuit boards (PCBs) and other electronics. The integration of Retronix’s services will play a crucial role in advancing the circular economy of EEE by fostering a cross-industry interconnected approach to sustainability of the leading brands across industries such as telecommunications, defense, automotive, and healthcare, impacting sustainable manufacturing, from product design to the end-of-life.
Jabil’s acquisition of Retronix, a key player in electronic component reclamation and refurbishment, signifies a bold step toward sustainability. Dive into the enhanced portfolio, focusing on the extraction of valuable components from printed circuit boards (PCBs) and other electronics.
According to Frost & Sullivan’s 6P framework (Policies, Products, Processes, People/Personas, Partnerships, and Platforms) for Sustainability and Circular Economy, analyzed in the upcoming market research on the “Growth Opportunities for Sustainability and Circular Economy in the Global Electrical and Electronic Equipment (EEE) Reuse, Repair, and Recycling Market”, successful businesses approach should focus on core pillars integrating Environmental, Social, and Governance (ESG) factors.
Development of new business models along these pillars can result in growth opportunities enhancing efficiency and productivity in the scope of value recovery and circulation of resources.