CURRENT TREND, CONCEPTS AND CHALLENGES IN REMANUFACTURING OF THE INDUSTRIAL PRODUCTS

Abstract

The depletion of raw materials and the escalation of environmental degradation have been the main driving forces for the development of an industrial process that is environmentally and consumer-friendly. The main environmental advantages of remanufacturing are reduced energy use and a minimal carbon dioxide production, while consumers are drawn to the practice since it makes cutting-edge products available at much reduced costs. This study investigates, based on the literature, the main concepts behind the remanufacturing process, the benefits and drawbacks of operating a company based on the remanufacturing process, and the most recent developments that are brought on by innovative manufacturing technology.