European trends suggest that end consumers are becoming more open to buying used electronics. | MaxFrost/Shutterstock
With OEMs struggling to produce and ship new electronics during coronavirus-triggered shutdowns, a new willingness to buy refurbished devices has sprouted in Europe, according to Deutsche Welle.
Since acquisition in 2016, Ingram Micro has consistently said it operates separately from HNA Group. | JHVEPhoto/Shutterstock
Because of mounting financial problems, Chinese government officials have seized control of the parent company of Ingram Micro, which has a global ITAD division.
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CalRecycle staff said their recommendation to raise payment rates was based on updated cost data submitted by e-scrap collectors and processors, as well as other factors. | DAMRONG RATTANAPONG/Shutterstock
Citing difficult market conditions and rising costs for the industry, California officials will greatly increase the rates they pay e-scrap firms to collect and recycle electronics.
In 2019, the Regulated Waste Division brought in 25% of TerraCycle US’s revenue. | Courtesy of TerraCycle.
TerraCycle’s division that handles a variety of regulated materials saw decreased revenue and profits last year, but a marketing push late in the year helped reverse the trend.
An industry group recommends that IT asset managers prepare now to properly manage the glut of devices coming back into workplaces when they reopen. | WSW1985/Shutterstock
IT asset managers should be ready for managing electronics that will no longer be needed when the coronavirus pandemic subsides and employees return to offices, according to an industry group.
Market research firm Gartner noted that in the first quarter of 2020 shipments of new PCs around the world declined by 12.3% year over year. | N.Z.Photography/Shutterstock
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.
In the midst of coronavirus-related closures, ITAD companies are reporting decreases of up to 75% in the flow of used IT equipment from corporate accounts and other organizations. | Zhuravlev Andrey/Shutterstock
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.
Because of business and public drop-off site closures and public anxiety about virus transmission, e-scrap collections are down across North America. | Dan Leif/ Resource Recycling, Inc.
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%.
Business shutdowns and work-from-home orders around North America have made it difficult for many ITAD and e-scrap recycling companies to obtain material for processing. | Oleksandr Berezko/Shutterstock
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.
