Unfortunately, in modern-day society, we have adopted a widely accepted throwaway culture where it’s become commonplace to change cars every 3 years, swap mobile phones every couple of years, we are always looking to upgrade to the latest piece of technology regardless of whether our existing equipment was doing its job properly or not.
If only it was that simple in industry. But it does highlight a common question around what the best solution is to improve efficiency, output, reliability etc. ‘Shall I refurbish or replace my asset?’