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ABB: Why life-cycle asset management is the strategy industries can’t afford to ignore

According to Circle Economy, 93.1% of materials entering the global economy are drawn from virgin sources, and linear material use destroys an estimated €25.4 trillion in value annually – nearly 31% of global GDP. For industrial players, those figures point directly at the operational models most companies still depend on and the cost of leaving them unchanged, writes Erich Labuda, President, Motion Services Division, ABB.

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