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Regency Applied sciences has eight places throughout the US, and so they’ve been recycling, testing, repairing, and promoting electronics since 1998. That’s a mixed 24 years! From the east coast to the west coast, spanning all the way in which from Olympia, Washington to Atlanta, Georgia, they’ve made a reputation for themselves on this planet of ITAD and electronics recycling processors.
Regency is an R2-certified firm that works with retailers, healthcare and monetary organizations, in addition to authorities businesses and academic establishments, to audit and take a look at retired electronics and correctly recycle IT tools. What’s extra, overstock digital items and useful objects get listed on our very personal B-Inventory Provide, a multi-seller market the place permitted patrons should purchase returned, extra, and refurbished stock from a whole bunch of various sellers multi functional place.
We sat down to talk with Regency to listen to their journey promoting on Provide and past. On this version of B-Inventory’s Neighborhood Highlight: Meet Eric and Jim Levine of Regency Applied sciences!
The Beginnings of Regency Applied sciences
The corporate was began over 20 years in the past now in 1998. Eric’s father, Jim Levine, heads the corporate, and practically 1,000 workers unfold throughout their eight services. What began as a small store refurbishing and remarketing IT tools, later pivoted to incorporate the resale and recycling of electronics and home equipment. You can say Regency was part of the round financial system earlier than that was even a phrase!
What Regency focuses on
The first a part of their enterprise serves as an ITAD and electronics recycling processor. Outdated and returned electronics merchandise that want recycling, or tools testing and auditing course of to repair and refurbish tools. Regency recycles greater than 150 million lbs. of end-of-use electronics yearly!
On B-Inventory Provide, you’ll find Regency itemizing client electronics like video and audio tools, tech equipment, and home equipment. Which get put up for public sale and could be bid on by registered patrons on the platform.
R2 licensed recyclers
If you find yourself a recycling processor, it’s essential to abide by high quality, well being, and environmental requirements. Regency has been R2 licensed for 13 years. This was what Eric needed to say:
“Anyone who’s doing resale within the electronics world, it’s undoubtedly good to be doing it. And never only for the enterprise, however I imagine in these certifications for environmental functions and correct follow for a enterprise in order that persons are following the appropriate tips to be environmentally accountable. That’s what all that stuff is in place for.”
Footage from Regency’s function on Discovery Channel’s Tomorrow’s World At this time
Maintaining issues in use
On the opposite finish of their enterprise, there’s additionally the chance to maintain issues in use. Which is the form of stock that Regency lists on B-Inventory Provide. In Eric’s phrases, “It makes extra sense to have the ability to repair and take a look at issues and promote them again to folks at a reduction who’ve an curiosity in utilizing that stuff.” On a case-by-case foundation, in fact.
An instance Eric gave was on scratch and dent home equipment, that are nonetheless absolutely useful:
“Does it is smart to interrupt down a fridge and get it again all the way down to uncooked supplies like steel, plastics, and glass or does it make extra sense to attempt to get it to somebody who has a useful use for that fridge to maintain issues chilly?”
He gave one other instance with client electronics:
“Say we get a bunch of previous cellphone circumstances, these aren’t essentially tablets or telephones, however we’re not simply throwing them into the recycling machine both. We’ll type them out and put them again into the market as a result of there are nonetheless folks that may use these cellphone circumstances.”
Q: What motivated you to get into the enterprise?
For me, having grown up round this, there have been quite a few years I used to be not concerned with it. I went to varsity and studied enterprise and music, after which pursued arts out in the actual world—which have been all unbelievable experiences. I simply hit a degree the place I used to be prepared for a extra conventional kind of profession.
It’s an excellent enterprise and environmentally centered, and I’m undoubtedly an environmentalist. What this firm does may be very a lot consistent with my core values as an individual; to have the ability to put these issues collectively is a blessing, and to do it with household and others that I’ve labored with for years, may be very cool.
Q: How has B-Inventory Provide helped you/ what you are promoting?
The most important method B-Inventory has helped us is: it’s an excellent on-line presence and it’s a good way to attach with different companies you wouldn’t have in any other case been capable of join with with out a platform like this. There have been new firms we’ve been launched to by way of B-Inventory. A few of them come and go, and these could also be one-time transactions, and a few companies turn into returning, common prospects.
The most important factor that I’ve seen is that the purchasers which might be returning and care about it…there’s sufficient tools the place different firms are capable of maintain their very own companies and comply with their desires because of what we’re doing. We obtained a letter from one of many sellers thanking us for what they have been capable of buy and the way they have been capable of begin this small enterprise. It was very heartwarming to see that occur.
Classes discovered alongside the way in which
Being part of the larger image
Doing enterprise on the wholesale stage is completely different than simply promoting one merchandise to finish customers the place you’re making an attempt to make as a lot revenue as you may. You’re engaged on a business-to-business platform, which suggests particular person patrons are utilizing this stock to gasoline their very own companies!
“You’re working with different folks which might be pursuing their pursuits and their desires and beginning their very own companies by way of that materials provide. It’s cool to be part of it, I do know we’re only a small a part of it, however on the similar time, everybody who will get concerned is unquestionably making an attempt to push that narrative ahead.
Eric illustrated this level even additional:
“Some people who find themselves prospects on the platform have been capable of maintain their enterprise and put meals on the desk for his or her households due to what you guys [B-Stock] are offering as a market.”
Endurance and perseverance
Once you take care of giant volumes of supplies and so many shifting components, it’s essential to place issues into perspective. Merely seeing your self within the footwear of all people concerned can go a great distance.
“Generally sure issues that occur on a each day can appear very excessive. You need to zoom out and notice what you’re doing, who you’re working with, who these persons are which might be both shopping for or promoting, and the place it matches into that spectrum of the meals chain. Perhaps one factor that looks like a giant deal right this moment, like an overcharge invoice on a freight cargo, shouldn’t be an end-all-be-all. Generally it takes a deep breath and a little bit persistence. Each single day you go in, there’s all the time going to be a little bit left for tomorrow.”
Navigating COVID-related points
Current provide chain points proceed to rock industries around the globe. Regency shared the identical expertise that many different companies did in the course of the peak intervals of the pandemic. From freight logistics and transportation to managing labor shortages and different disruptions.
“Weathering that storm whereas sustaining optimistic enterprise all through that point interval has undoubtedly been a problem but it surely has not been insurmountable. It takes loads of character and perseverance and lots of people working collectively to make it occur. It could not have all the time been clean however we’ve gotten the job accomplished.”
Discover Regency Applied sciences on B-Inventory Provide!
On B-Inventory Provide, you’ll find Regency itemizing giant volumes of examined electronics tools, overstock items, and home equipment! For extra info on their companies or firm, go to their web site right here or give them a comply with on Fb.
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