RESELFRIDGES accessories in one of its London locations materials and lowers carbon emissions associated with manufacturing .” According to the European Remanufacturing Network ( ERN ), remanufacturing has an EU market potential of € 90bn ( US $ 99bn ) by 2030 . This projection is driven by regulatory pressures , growing prioritisation of sustainability and the rise of circular economic practices . Remanufacturing also offers significant financial benefits , according to Andrew .
“ One of the primary benefits is cost savings , as it reduces the need for raw materials and energy-intensive manufacturing processes ,” he says .
“ Companies can also realise savings by reusing components and materials , lowering production costs .”
Global fashion brands are embracing remanufacturing for all these reasons and more . Patagonia Worn Wear , Levi ’ s SecondHand and Urban Outfitters are among those remanufacturing offshoots of their iconic brands .
However , to increase the prevalence of remanufacturing , companies must move from implementing it as a siloed solution to undergoing holistic supply chain evolution .
“ Companies are recognising the benefits of reducing their carbon
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