Some types of regulations governing disposal of electronic waste can reduce the world's mountains of devices waiting to be recycled, and also slow the rate of new product introductions says Stanford Graduate School of Business Professor Erica Plambeck
Americans buy new cell phones every 18 months, Europeans buy them every 15 months, and the Japanese every 9 months. Global replacement rates for digital cameras range between two and three years. And U.S. businesses replace their PCs every four years. Where do most of these used products go? Directly into the trash. Indeed, in the United States alone, consumers throw away 400 million electronic products each year.
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up: https://www.gsb.stanford.edu/insights/about/emails)