Reverse supply chain management company joins IoT M2M Council
March 28, 2017
Re-Teck, a subsidiary of Hong Kong-based Li Tong Group, which optimises reverse supply chain management (RSCM) services for technology, electronics and telecoms, has joined the IoT M2M Council (IMC).
The company has already shown impressive growth and sees huge market opportunities in recycling abandoned IoT devices left in the field. To spread this message, the company has joined the IMC, with 20,000 members the largest and fastest-growing trade group serving the IoT sector.
It hopes to use the membership to establish relationships with customers and channel partners. Re-Teck currently maintains major operations in USA, Hong Kong, Austria and Brazil.
Re-Teck’s omni-channel RSCM platform lets IoT companies offer seamless lifecycle management and trade-in services to their customers with no upfront costs and set-up time.
“Projections call for billions of IoT devices being deployed in the coming years, and getting IoT users thinking about life-cycle management is crucial,” said Re-Teck chief strategy officer Linda Li, who will represent the company on the IMC board. “Our message is that, if the IoT sector is to embrace sustainability, management of embedded devices can’t end when those devices stop operating within a network. We intend to use the IMC as an important conduit for the concept of reverse supply-chain management, where re-use is considered as a fundamental part of the application and, indeed, an opportunity for the user.”
The IMC could be considered a very good fit for the recycling firm, since its membership is comprised mostly of OEMs and enterprise users that will need to take sustainability into account, with roughly a quarter of the membership in Europe and just over a third in North America. The group has been gaining roughly 300 new members weekly, primarily to access its vertical-market oriented content streams. The IMC offers the sustaining companies on its board programmes for lead generation, promotion and research.
“Roughly forty per cent of our rank-and-file members self-identify as operations, and many of them have the words ‘supply chain’ in their title,” said Joel Young, IMC chairman and CTO of IoT company Digi International. “They’re business people with problems to solve, and sustainability has to be on their plate. It will be fascinating to see their take on the reverse supply chain as we build awareness of the concept.”
The London-based IMC is the largest and fastest-growing trade group dedicated to the global IoT and M2M sector, with more than 20,000 members joining since February 2014. Board member-companies include Aeris, AT&T, Digi International, HPE, Ingenu, Inmarsat, Intel, Kore, MultiTech, Orbcomm, PTC, Re-Teck, Semtech, Sigfox, Telit, U-Blox, Verizon, Vodafone and Wipro.