Category: Innovative Technologies
Landfill is no place for excess high-value equipment, according to REUZEit, who facilitates redistribution
Over 3,5 million kg of equipment was saved from the landfill by just one REUZEit client over the last few years. Instead, the equipment was redeployed, resold or recycled, facilitated by the REUZEit platform. Through its asset services and reuse-marketplace platform, REUZEit captures excess equipment globally and redistributes it within an organization or recovers capital to recoup costs. The company has been serving the European market from Bleiswijk since 2018.
Creating value of otherwise nearly worthless equipment
Without a global platform to reuse and redeploy equipment, large industries do not have a sustainable option besides removing old and building new. In mergers and acquisitions, little (if any) value is given to the equipment. As a result, many companies scrap old equipment, which means the metals and electronics are recovered through a pollution-heavy recycling process, and in practice, this approach still wastes lots of plastic and mixed electronics that end up in our landfills and oceans.
“I think the world has to become more efficient with our natural resources, and that’s achieved by reusing valuable equipment. The other clear advantage is that reusing reduces waste to manageable rates.” Says Justin Andrews, Owner Executive at REUZEit. The company aims to be the worlds largest B2B platform and marketplace for industries to recover their capital equipment investments and stimulate growth through internal productivity.
“Our platform at scale will improve the economy forever by enabling efficiency with little or no investment, by reducing waste, by making high-tech and valuable equipment available for innovators and entrepreneurs around the world and delivering affordable technology to developing economies.” Says Andrews.
On a mission to make an impact at the benefit of society and its clients
“I know it sounds cliché,” Andrews continues, “but ever since I was child, I knew the meaning of life was to make an impact and help the world. REUZEit is the most noble path to bring the REUZE economy to the mainstream by starting with the worlds most valuable equipment, that is life sciences equipment, used for scientific research that advances health care and material sciences for innovation in technology.”
The REUZEit platform provides clear benefits for its clients. It manages site closures, lab transfers, and reverse logistics pickups of high tech lab and pharma manufacturing equipment. It also provides the online platform for companies to redistribute equipment internally, and it sells excess equipment on the market to provide capital recovery for our clients. With its current global clients, it manages over €50 Million in used laboratory equipment.
As part of its services, REUZEit manages a high volume of equipment specializing in hundreds of different technologies. Their in-house reconditioning program manages light repairs. Also, hundreds of specialized service partners are contracted globally for specialized refurbishment to redeploy certified reusable equipment. While REUZEit®specializes in managing surplus equipment for some of the world’s largest pharma and biotech companies, ANDbio uses its extensive experience of refurbishing lightly used equipment for sale on their website and a long list of on-line market places.
“We also have plans to facilitate most transactions without the need for currency” says Andrews. “Our equipment providers add value by contributing their excess equipment, and they can use credits to procure the reusable equipment and reconditioning services they need. The REUZE economy is a game-changer” he continues.
After one year of first trying to expand to EMEA by opening a branch in Scotland, Andrews realized they could not plan for growth in the threat of Brexit. “I didn’t want to keep investing in a losing branch, but I knew EMEA was key to our growth,” Andrews recalls.
“As soon as I began my research on The Netherlands, I suspected this was going to be one of the best decisions I’ve ever made.”
The Andrews family moved to the Netherlands because everyone speaks English, because logistics are ideal for travel and shipping globally, because the economy was strong and many companies were investing in the Netherlands as they moved from the UK. “Then I learned about the DAFT visa and I began to research schools for our kids and health care and cost of living.”
“The Netherlands is the best country for my company and my family; by all measurements, we are thriving” Andrews concludes.
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