The average lifecycle of a mobile phone is 18 months before it is replaced by a better device with better capabilities. Even though these devices are still functional for much longer, the tech industry is constantly evolving, causing these devices to become outdated at a faster rate and eventually become obsolete.
As mobile phones continue to be the on-ramp for consumer and commercial services, the idea of owning a simple mobile phone is becoming as extinct as the rotary dial. The business model of coupling the device, the plan, the content programming and services is leading to a radical re-think of how mobile devices are designed, manufactured, sold and re-used.
This re-think is occurring in the context of the circular economy. New IoT, AI, Machine Learning, AR and VR technologies connect devices, buildings, vehicles, data and populations and present massive opportunities for new transformative services and economies. At the same time, the world has come to the realization that resources are limited and expensive and that technologies can be responsibly and profitably manufactured on a local basis.
Re-Teck provides the Reverse Supply Chain Management (RCSM) technology leadership and engineering expertise that enables the technology community to capitalize on these movements, facilitate new service businesses and support agile entrepreneurship, economic development and environmental health. Re-Teck’s engineering teams consider the aftermarket value for devices, the primary market value for component parts — screens, switches, and chips as well as the recycling value of metals —and extract the usable elements for re-sale to Re-Teck’s global partner exchange.
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