Manufacturing Education Series: Industrial Automation

Industry research forecasts the industrial machinery remanufacturing market to increase by USD 272.07 billion, at a Compound Annual Growth Rate (CAGR) of 12.28% by 2028.

In our second of four education series for manufacturers, learn how industrial automation manufacturers are joining us on digitization journey to unlock revenue growth that is not dependent on new product production or materials.

The result is a reduction in cost and resource dependence, and proper handling of inoperative or aged components through enhanced supply chain efficiency and material take back strategies.

In this session, we will share how you can:

• Utilize AI and traceability data to create a digital record of all items at “first life”
• Activate new end-markets, including ecosystem partners that specialize in donation, simplification of disassembly, or recovery of equipment and non-stock inventory
• Institute Digital Product Passports (DPPs) for industrial automation equipment while using a Product-as-a-service (PAAS) model

Don’t miss this opportunity to connect with other cross-industry stakeholders implementing circular strategies and refining the remanufacturing and take back process to monetize the next life of assets.