IT Asset Disposal Activities Reported Notable Decline in 2020

SEATTLE (Scrap Monster): Wisconsin-based Cascade Asset Management published its 7^th Annual Benchmarking Report, which states that IT asset disposal activities recorded notable decline in 2020, mainly due to impacts caused by Covid-19 pandemic. The ‘2021 ITAD Benchmarking Report’ also suggests 27.4% surge in average values for retired IT assets during the previous year.

According to the survey participants, supply chain disruptions limited procurement of equipment for employees working from home. Nearly 47% found it tough to find peripherals, whereas nearly 44% reported difficulty in finding IT devices such as laptops, monitors, printers and phones. The supply shortages were mainly covered with about-to-retire existing equipment or employees’ personal devices. Meantime, 41% of the respondents said that the pandemic had literally no impact on their IT asset procurement and deployment in 2020.

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The survey found that higher percentage of respondents is likely to spend less on purchasing new IT assets in 2021, as compared with 2020. Further, it suggests that organizations plan to remain consistent with their device refreshes. The survey results indicate that the pandemic has delayed planned IT replacement projects from 2020 to 2021.

The report is based on data compiled from a survey, evaluation of assets processed by Cascade and review of related industry research.