May 23, 2019
Electronic Device Trade-Ins Drive Sustainability
grow new customer and retention with quality trade-in programs

Today, more than 5 billion people around the world own mobile devices – over half of these connections are smartphones. While we are all aware of the benefits that our electronic devices offer, such as keeping us connected to family, friends, and colleagues, consumers often overlook the negative impact that these devices can have on the environment, even at the end of their lifecycles.

Every year, new smartphones, laptops, tablets, and wearables are launched with advanced features, better functionality, and smarter technology to persuade consumers to upgrade their devices faster than ever before. According to a report from Zion Market Research, this has decreased the lifespan of an electronic device to be about 3-4 years. Unfortunately, this has significantly increased the amount of e-waste produced around the world. By 2024, the global e-waste management market is expected to generate revenue of approximately 11 billion.

Consumers need to be aware of the raw materials and harmful chemicals that our electronic devices contain including cobalt, copper, silver, gold, and palladium. When electronics aren’t properly recycled, these toxic substances can melt and leak into landfills and dump sites that are extremely hazardous to Mother Earth. To protect our land, air, and water, recycling, refurbishing, and reusing old electronic devices is crucial.

By working together with e-waste recyclers, Phobio ensures that hazardous chemicals from mobile devices are always properly disposed of. Every year, Phobio prevents over 500 metric tons of electronic waste entering landfills. Thanks to device recycling and device buyback solutions available today, the refurbished mobile phone market is growing quickly. The number of refurbished smartphone sales is expected to grow to 222.6 million by 2020.

In support of a more sustainable future of retail, Phobio recently launched environmentally-friendly packaging that can be reused at least three times, significantly reducing landfill waste. Phobio’s new compression frame corrugated cardboard box, specifically designed for laptops, eliminates the need for traditional foam inserts and is 100 percent recyclable. Phobio’s eco-friendly packaging will soon be available for shipping other device trade-ins such as smartphones, wearables, and computers.

Overall, discarding electronic devices responsibly through trade-in and/or recycling programs can drastically reduce the volume of e-waste that is generated every day. Phobio is committed to protecting our planet and continues to extend the lifecycle of a mobile device by refurbishing and recycling older electronics.

Are you interested in helping us build a more sustainable future of retail? Contact us today!