Remanufacturing in the United States
Abstract
Remanufacturing, the sale of products recovered and reconditioned to like-new or better functionality, is a characteristic of any modern industrial economy. While most US remanufacturers have been in business for decades, this component of the economy has been growing rapidly in scope and scale over the past few decades. Wherever savings in raw materials processing, primary manufacture and assembly substantially exceed costs of collection, cleaning and reconditioning, remanufacturing will thrive in the market place. Because remanufacturing conserves inputs that generate substantial externalities (e.g., greenhouse gases, raw material extraction, and unreliable fossil fuel import channels) or whose future scarcity is insufficiently reflected in current market prices, a great deal of policy attention has turned to promoting demand for and supply of remanufactured goods.
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