Robert Holloway, head of order fulfilment at obsolete industrial automation parts supplier EU Automation explores the effects of collaborative consumption on the manufacturing industry
Everyone has at least one old piece of clothing that they can’t bear to throw away. Believe it or not, the situation is similar with spare industrial parts. Manufacturers often keep a huge amount of spares, despite rarely accessing these stocks.
Collaborative consumption is the seamless circulation of products and services among individuals through sharing, swapping, trading, renting, borrowing or giving.
Collaborative consumption, also called the sharing economy, is likely to grow over the next few years as digital media increase in reach and functionality. [Read more…] about Will collaborative consumption change manufacturing?