A Sims Lifecycle Services financial presentation attributes reduced resale prices to lockdowns in China and muffled consumer demand stemming from inflation. | antb/Shutterstock
Sims Lifecycle Services resold considerably more IT devices in the latter half of 2022, but softer demand resulted in lower selling prices and inflation took its toll on profits. Continue Reading
Maryland-based Apkudo boosts supply chain efficiency to support repair, resale and recycling markets. | KovalchukOleksandr/Shutterstock
Apkudo, which helps companies manage connected devices, announced it received $37.5 million in Series C funding.
A worker inspects shredded material at a Glencore sampling facility in Rhode Island. | Courtesy of Glencore
Glencore has been recovering copper and precious metals from e-scrap since the 1980s. But multiple trends are now forcing the world’s largest mining and metals company to adapt to changing markets: a push to decarbonize the transportation sector, efforts to shorten and bolster supply chains, and innovations in consumer electronics design and manufacturing.
“The ITAD Academy 2023” will educate IT leaders and managers on proper IT asset disposition practices, among other goals. | NicoElNino/Shutterstock
ITAD advising firm Compliance Standards launched an advertising and marketing initiative to showcase best practices in IT asset disposition.
Cascade Asset Management stores assets in a warehouse. It released a survey of customers that found a persistent gap in mobile asset tracking and continuing lack of awareness about certifications. | Courtesy of Cascade Asset Management
Expectations for higher IT spending, a persistent gap in mobile asset tracking and continuing lack of awareness about certifications were among the surprising takeaways in Cascade Asset Management’s latest survey of customers.
Anticipation of a global recession, along with increased inflation and higher interest rates, are behind the low PC shipment numbers. | MMilda/Shutterstock
Research and consulting firm Gartner cited economic uncertainty as the reason behind a drop in worldwide PC shipments in the fourth quarter of 2022 and the year overall.
A nonprofit e-scrap recycling firm is shutting down at the end of the month due to low commodity prices and lack of business.
The ERI facility in Lincoln Park, N.J.
While many e-scrap companies have begun avoiding the CRT-heavy streams that define local government collections, the leader of one major processor says cities continue to be valuable partners for his firm.
ITAD service providers saw used equipment prices skyrocket during the pandemic; now they have to reckon with a market leveling out at lower values amid recession worries. | Ari N/Shutterstock
Prices for refurbished PCs have fallen in the past year alongside ongoing uncertainty in the economy, but ITAD players said the market appears to have leveled off – for now.
IRT is capturing high-definition photos of printed circuit boards so AI-powered software can learn to categorize them by precious metals content. | Courtesy of IRT
Integrated Recycling Technologies is developing an AI-powered app for its suppliers that will quickly categorize and price their scrap circuit boards before they ship them. The software will also power the company’s own robotic circuit board sorting system.