The coronavirus pandemic has disrupted worldwide supply and demand for new PCs, bringing both bad and good news for computer recyclers and refurbishers, according to Gartner.
The coronavirus pandemic has disrupted worldwide supply and demand for new PCs, bringing both bad and good news for computer recyclers and refurbishers, according to Gartner.
At enterprises across North America, IT asset refresh projects are no longer a top priority. That has meant major volume drops for material processors, as well as painful staffing cuts in some cases.
The coronavirus pandemic has led to major reductions in the collection of used consumer electronics across North America, with some e-scrap companies reporting volume drops up to 80%.
A number of ITAD companies will fail, but those strong enough to survive coronavirus-related revenue losses will encounter post-pandemic advantages, an ITAD market analyst predicts.
Processors across the U.S. say the coronavirus and resulting work-from-home orders have energized the market for refurbished electronics. In some cases, they can’t keep up with the needs of customers.
The global escalation of COVID-19 is causing supplier and customer disruption for e-scrap processors, while on a wider scale it constrains global shipping, dents stock prices and threatens an economic recession.
Growth in data center recycling, higher gold prices and more selective buying all boosted earnings for Sims Lifecycle Services during the second half of 2019.
Umicore enjoyed greater profits last year thanks in part to higher metals prices and China’s e-scrap imports crackdown, which increased the global supply of circuit board scrap.