Japan has long pursued resource recycling centered on the 3Rs, but as concepts such as refurbishment and repair gain ground in Europe, businesses are increasingly viewing repair, refurbishment and data utilization as new sources of revenue.
In Europe, concepts such as refurbishment and repair are spreading, and the circular economy is becoming a new source of revenue. A shift is under way toward creating value by keeping products in use for longer.
Japan has long pursued resource recycling centered on the 3Rs, but against the backdrop of developments in Europe, repair, refurbishment and data utilization are attracting attention as new markets.
This trend reflects the spread of an approach aimed not only at reducing waste but also at creating new value by keeping resources functional for longer.