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The boom in technology has led to a complex and interconnected global supply chain for electronic products. Each facility involves a network of raw material suppliers, manufacturers and logistics companies that work together across borders. However, this globalized production model has also exacerbated a pressing environmental issue – the management and disposal of e-waste.
Improper management of e-waste can result in hazardous chemicals leaching into soil and water, damaging ecosystems and endangering human health. According to Global E-Wase Monitor 2024Annual e-waste generation reached a record 62 million metric tons in 2022 and is projected to grow to 82 million metric tons by 2030. proper disposal and recycling practices, the consequences will be far-reaching.
For entrepreneurs, this challenge also presents an opportunity. By innovating and collaborating on e-waste management solutions, businesses can tap into new markets and growth opportunities, positioning themselves as leaders in sustainability and environmental stewardship.
Related: How to reduce e-waste and promote reuse in your business
Relying on international experience
Countries and regions around the world have implemented effective e-waste management strategies, providing valuable insights for global cooperation. Here are some prime examples:
Of the EU Waste Electrical and Electronic Equipment (WEEE) Directive. has been instrumental in promoting the recycling and reuse of e-waste across the EU. By focusing on the collection and proper treatment of WEEE and the prevention of illegal exports of waste, the directive has significantly reduced environmental impact of e-waste. As of 2021, it has contributed to the collection of 4.9 million tons of e-waste, which is 11 kilograms of e-waste collected per person, driving a circular economy in the electronics industry.
of Japan Law on recycling of household appliances reduces the environmental impact of household appliance waste by forcing the recycling of specific appliances. In response, major Japanese businesses such as Hitachi, Sharp and Sony joined forces to build and operate efficient recycling systems nationwide. As a result, Hitachi reported impressive recycling rates in 2022, reaching 80% for refrigerators/freezers and 94% for washers/dryers. This not only strengthens their reputation, but also pushes for the innovation of recycling technology.
These successful examples illustrate that effective e-waste management depends on strong policy frameworks, public engagement and technological innovation. Businesses can draw from these models to develop tailored e-waste management strategies that match their specific operational contexts and local conditions.
Related: What is E-waste and how do you dispose of it?
Cross-border cooperation
E-waste management is a global challenge that no single country or region can effectively tackle alone. The solution lies in cross-border cooperation, where governments, international organizations and businesses cooperate to treat this urgent matter. Through international agreements and strategic alliances between firms, all stakeholders can work together to mitigate the environmental impact of e-waste.
The Basel Convention is a cooperation initiative between countries. It is a global intergovernmental agreement signed by 191 countries that regulates the transboundary movement of hazardous waste, including e-waste. It establishes a legal framework for international cooperation, controls exports of hazardous waste to developing countries, reduces illegal dumping and promotes environmentally sound waste management practices.
Businesses like Apple have significantly reduced the environmental footprint of their electronic products by optimizing cross-border supply chain management. Through its commitment to use only recycled and renewable materials in its products and packaging, Apple is implementing responsible sourcing of materials following UN and OECD guidelines and fostering collaboration within the mining industry. This shows how global supply chains can be optimized for environmental benefits.
Similarly, ATREnew, China's leading platform for the recycling of second-hand electronics and an Apple trading partner in the Chinese territory, is also expanding its international reach through AHS device. ATREnew empowers the electronics recycling value chain by exporting its technological innovations in automated recycling and testing processes, replicating platform capabilities and empowering overseas business partners to reduce e-waste in their respective regions.
These collaborative efforts provide a broad platform for entrepreneurs to contribute to global environmental sustainability while discovering new business opportunities through cross-border collaboration.
Entrepreneur's Guide to Global Action
In today's interconnected world, entrepreneurs must adopt a global perspective. By engaging in international organizations and initiatives, they can gain insight into global trends, create new partnerships and discover opportunities beyond their local markets.
Engagement on global platforms: Entrepreneurs can increase their international presence by becoming members of organizations such as the United Nations Global Compact or the World Economic Forum. These platforms provide valuable opportunities to engage with global agendas, participate in high-level discussions and connect with leaders from various industries.
ESG Principles: Including Environmental, Social and Corporate Governance (ESG) principles in the core strategy of an enterprise not only strengthens its social image, but also increases its competitiveness in the global market. Strategic ESG adaptations can open doors to new markets and drive long-term success.
Development of industry standards: Businesses can influence industry standards and ensure a competitive advantage in the global market by actively participating in the development of international standards such as the International Organization for Standardization (ISO).
Technological innovation: Entrepreneurs should also focus on technological innovation to optimize production and logistics processes, thereby reducing the production of e-waste. Innovations such as modular product design, which allows for easier repair and recycling, can significantly reduce environmental impact.
Digital supply chain: Building a global digital supply chain increases transparency, efficiency and resource management. By adopting digital tools and technologies, businesses can track and optimize their supply chains, ensuring efficient use of resources and effective waste management.