CoreCentric Solutions has internalised the principles of a circular economy through its reverse logistics and asset recovery programmes, which have helped global clients exceed both their cost containment and sustainability goals. Applying expertise in reverse engineering and remanufacturing, CoreCentric Solutions delivers market-oriented, profitable solutions to product lifecycle and environmental problems.
CoreCentric Solutions has developed robust product recovery processes that yield industry-leading asset recovery rates. Rather than simply discarding returned products, CoreCentric engineers work towards identifying and fixing common failures. This enables the extension of a product's useful life and allows them to re-enter the stream of commerce.
In addition, CoreCentric Solutions has taken a leading role in diverting service parts from landfills and circulating them back in the service field. Utilising a broad network of service providers and recyclers, the company receives more than one million parts on an annual basis. The parts are remanufactured and redistributed to a broad network of service technicians, warranty providers and end consumers, offering a cost-competitive and quality alternative for extending the life of products that are still usable. CoreCentric also offers repair solutions for service parts which are no longer available, which plays a significant role in the reduction of unnecessary product replacements.
Moving forward, CoreCentric Solutions aspires to develop a comprehensive suite of services that will enable its partners to shorten their paths towards a circular economy (external) while operating under a zero-landfill policy (internal). The company intends to continue working towards increasing the reclamation of component parts from consumer products that have reached the end of their useful life, allowing for expanded repair options and serviceability.
An ideal end-state involves leveraging the company’s 20+ years of experience in defect identification and working with product teams of global partners to help eliminate common points of failure while incorporating repairability and upgradeability (upcycling). Ultimately, CoreCentric Solutions aspires to enable its partners to turn returns management and aftermarket support into strategic competitive advantages that clearly demonstrate it is possible to disrupt the make-take-dispose flow through cost-effective, reverse cycle systems.