Canadian Equipment Finance Fall 2019 IssueCustomer ServiceIndustry Trends

Servitization to Supplant Ownership?

By Brendan Read Traditional ownership of assets and financing for notably automotive, office equipment, healthcare and agricultural products may soon become obsolete, tossed into the recycling bin. In its place will be product-as-a-service, or pay-per-use assets, also known as servitization. Servitization is an alloy of changing customer preferences to an …

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