Generations of society and industry have operated on linear models of production: from manufacturer, to consumer, to landfills. Increasingly, people and businesses are realizing that this cannot last. To achieve sustainability and a world that future generations can live in, a circular economy model provides the solution.
Circular economies operate on different fundamental principles from conventional linear economies. In many ways, companies that go green challenge assumptions about how industry naturally works. There are three key aspects:
Treat end-stage products as resources, not “waste”, and return them to production; Design with the future in mind, rather than simply the present and near future; Establish a business model that anticipates change and adaptation rather than avoiding it.
Within electronics industries, remanufacturing is a common concept for approaching a circular economy. Products and manufacturing processes are designed so that end-of-life products can be refurbished or recycled for materials, creating new products that meet the same standards.
Xerox aims to implement more thorough strategies and models for sustainability, going beyond common remanufacturing. Products can be designed for the future through modular and scalable equipment, allowing new needs to be met without replacing an entire printer or copier. The business model also features options for leasing equipment, which involves optimized end- of-life processing and product longevity by necessity. This creates a production model that addresses all three aspects of circular economies.