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Abstract
Requiring manufacturers to manage their products when they become waste is an innovative form of regulation, one that countries in Asia, Europe, and north America have adopted on a variety of products, ranging from vehicles to appliances to batteries. However, even in many unregulated industries, some manufacturers are voluntarily assuming more responsibility for their end of life products, driven by customer demand and cost efficiencies. Explores various forms of take-back regulation and highlights some of the key features of the institutions that emerge in response. Also presents seven strategic product recovery alternatives and discusses some factors managers should consider in developing a take-back strategy.
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Abstract
Requiring manufacturers to manage their products when they become waste is an innovative form of regulation, one that countries in Asia, Europe, and north America have adopted on a variety of products, ranging from vehicles to appliances to batteries. However, even in many unregulated industries, some manufacturers are voluntarily assuming more responsibility for their end of life products, driven by customer demand and cost efficiencies. Explores various forms of take-back regulation and highlights some of the key features of the institutions that emerge in response. Also presents seven strategic product recovery alternatives and discusses some factors managers should consider in developing a take-back strategy.