Remanufacturing processes transform end-of-life, non-functional, discarded, or traded-in products into products with equal or superior specifications to newly produced goods, but at a fractional cost and with fewer resources and less energy.
Recycling and recovery, in where used materials are treated or extracted to make them suitable for reuse
Sharing economy, also termed ‘collaborative consumption’, takes place in organized systems or networks in which participants engage in sharing activities in the form of renting, lending, trading, bartering, and swapping goods, services, transportation solutions.
Product life extension, in which products are ultimately designed to have a longer lifetime
Servitization is a concept for manufacturers to transform into service providers with the introduction of new organisational principles, structures, and processes, so that they can be responsible for the goods they produce. Instead of selling products, they sell services e.g. Ikea or BMW Drive Now.