Role of Recycling Towards a Sustainable Business Model: A Perspective on Industrial Assets
Series
Global Conference on Sustainable Manufacturing
ISSN
2195-4356
ISSN-Digital
2195-4364
Type
conference paper
Date Issued
2023
Author(s)
Abstract
Equipment manufacturers (EMs) exhibit unsustainable operating patterns in linear production models by depleting finite materials. In this context, future business environments in industrial markets shift fundamentally and form a new sustainability paradigm stimulated by key drivers, e.g., end customer behavior. Considering the market shift, this research explores an overview of prerequisites in the transition toward a sustainable business model in industrial markets. Prior research exhibited product life cycle extensions for industrial assets facilitated by the most common R-principles “reuse”, “remanufacture”, and “recycle”. Leaning on previous research, recycling is instrumentalized for some materials, e.g., polyethylene terephthalate (PET). For industrial assets, manufactured products, such implementation efforts for EMs fall short. Investigating the shortage, this study (1) scrutinizes the role of recycling in the transition towards a sustainable business model, (2) identifies appropriate characteristics of industrial assets facilitating recycling, and (3) evaluates parameters to operationalize a recycling value chain (RVC). In a practice-based project, involving a Swiss-based equipment manufacturing company, mixed methods are applied. The results propose key drivers and characteristics facilitating recycling efforts of industrial assets and parameters fostering an RVC. Future research should increase the number of sample EMs and scrutinize the role of various RVC actors to exceed present limitations.
Book title
Lecture Notes in Mechanical Engineering
Start page
945
End page
952