Accelerating the Transition to a Functional Circular Economy by Mainstreaming Remanufacturing

Radically transforming global value chains is critical to succeeding in our collective ambition of co-creating a sustainable world. This ambition is exemplified in the G20’s vision of Designing a Circular Economy World through the establishment of the Resource Efficiency and Circular Economy Industry Coalition (RECEIC). The RECEIC highlights six Rs of circularity – redesign, reduce, reuse, remanufacture, repair, and recycle. Remanufacturing is an industrial process that restores end-of-life (EOL) goods to original working condition or better.
It involves the collection, disassembly, cleaning, inspection, rebuilding/replacing, reassembly, and testing of goods such as automotive and aerospace components, medical devices and electronics, before they re-enter the market.
Remanufactured goods are indistinguishable from new goods in terms of quality,
performance, appearance, functionality and warranty, and in some cases can outperform