As circular business models begin to gain steam, a new strategic service is helping companies in the technology, electronics and telecom sectors uncover new ways to reuse, remanufacture and recover technological devices, while simultaneously turning costs into profits.
Dallas and San Francisco-based Re-Teck provides companies with Reverse Supply Chain Management (RSCM) technology and engineering expertise to rethink the way products are designed, manufactured, sold and repurposed in an effort to curb e-waste and keep valuable resources out of landfills.
Its end-to-end RSCM platform is currently used by Global 500 brands such as Microsoft, Amazon and Motorola, and provides a simple solution to a complex issue by eliminating the logistical, compliance and technological issues commonly associated with technology take-back initiatives.
“Recycling is a dirty word at Re-Teck,” said Linda Li, Chief Strategy Officer at Re-Teck. “This is because it used to simply mean shredding the devices; reusing a limited volume of the raw materials and sending more materials to landfill.”
“At Re-Teck, we understand the potential of technology to be profitably disassembled with components being repurposed and reused while addressing regulations and better protecting the planet. The commoditization of recycling has stopped at many of the most progressive technology brands and they’re now counting on Re-Teck as a strategic partner to help them navigate the new world order.”
Re-Teck’s engineering expertise is what truly sets the company apart: engineering teams consider the aftermarket value for devices, the primary market value for component parts such as screens, switches and chips, in addition to the recycling value of metals, and extract the usable elements for repurposing and resale to Re-Teck’s global partner exchange.
“Our partners — the leading technology brands on the planet — win by providing their customers with a brand experience that extends beyond hardware, UX and support, but also extends to what happens once the product needs to be replaced and recycled,” added Li.
“Our programs provide confidence to the brands and the consumer that the product will be taken care of in the most responsible way possible and that valuable components will not simply be destroyed or sent to landfill but reused in a progressive and intelligent way.”
Re-Teck’s Hong Kong-based parent company Li Tong Group (LTG) has been working for the last 15 years to position the issue of hardware lifecycle management as an opportunity for technology companies to drive innovation and generate new revenue streams. The expansion of Re-Teck, which will include the opening of a new headquarters in Redwood City, Calif., an expansion of its existing RSCM facility and the opening of a new RSCM facility in Milipitas, Calif., is the next logical step for LTG as it sets its sights on revolutionizing how we approach the mounting problem of e-waste.