The Principle of Refurbish in Circular Economy: Products Better Than New

Kristina Steinbiß ()
Additional contact information
Kristina Steinbiß: Reutlingen University

A chapter in Circular Economy in Sustainable Supply Chains, 2024, pp 97-102 from Springer

Abstract: Abstract With rapidly increasing demands for sustainable products, the principle of refurbish plays a vital role as one building block of sustainable supply chain management. It refers to the professional general overhaul of products for reuse to extract their maximum value. This microchapter shows the immense potential for saving CO2, water and e-waste along the entire value chain when using refurbed products. In addition, the refurbishing process and the most important trends in the market are presented. A case study from Royal Philips, a global leader in health technology, illustrates which actions are effective when educating customers to adopt sustainable behaviour by purchasing refurbished products. The “Better Than New” campaign to create awareness for Philips’ refurbished products serves as an example.

Keywords: Refurbish; Circular economy; Sustainable supply chain management; Product life cycle; Case study; Refurbishment; Royal Philips (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-031-70749-0_10

Ordering information: This item can be ordered from
http://www.springer.com/9783031707490

DOI: 10.1007/978-3-031-70749-0_10

Access Statistics for this chapter

More chapters in CSR, Sustainability, Ethics & Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().