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Recommerce is paving the best way for a extra sustainable future—B-Inventory, patrons, and sellers all play a job in making it occur. Briefly, recommerce is resale—and it’s booming. Some enormous manufacturers are already adopting extra sustainable practices to advertise recommerce that you just may acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. The truth is, manufacturers with resale packages elevated 275% from 2020.
At B-Inventory, we have a good time every single day prefer it’s Earth Day! However it’s good to replicate on a 12 months of sustainability and the influence we’ve made, collectively.
What’s Recommerce?
Recommerce, also called reverse commerce or re-commerce, refers back to the course of of shopping for and promoting second-hand or used items. This could embody something from clothes and electronics to furnishings and home equipment.
The purpose of recommerce is to increase the life cycle of merchandise and cut back waste, relatively than disposing of them in landfills. By extending the life cycle of merchandise, recommerce also can assist preserve assets and cut back greenhouse gasoline emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native financial system due to the rise in impartial brick-and-mortar and on-line resale companies.
Briefly, recommerce helps to advertise a extra round financial system!
B-Inventory & Sustainability
B-Inventory makes a speciality of recommerce as a service. 9 of the highest 10 U.S. retailers are at present utilizing B-Inventory to promote their returned and overstock merchandise on to hundreds of authorised, enterprise patrons.
The truth is, in 2022 alone 120 million objects had been offered throughout the B-Inventory recommerce platform. To make clear, that’s almost 439 million kilos of merchandise stored in use!
What does recommerce appear to be by class?
Our recommerce platform is break up into tons of classes. Some high reselling classes embody residence & backyard, home equipment, attire, client electronics, and cell. Along with that, there are totally different product situations like overstock and buyer returns. Even salvage stock finds a house with our patrons!
Let’s take a more in-depth take a look at how every class displays in a round financial system:
Attire
In the US, there are greater than 100 kilos of textile waste per particular person every year. (EPA)
B-Inventory offered 32 million articles of clothes into the recommerce market.
Attire is constantly ranked as one of the crucial common gifting classes. Ladies’s, males’s, and kids’s attire, in addition to activewear, footwear, and extra, make up this class.
Client Electronics
Yearly, 53.6 million metric tons of e-waste are produced worldwide. (United Nations)
B-Inventory gave 6.6 million client electronics & cell telephones a 2nd and third life. That’s over 4.5 million kilos!
Because of new mannequin releases and trade-in packages, client electronics is a behemoth class. This consists of computer systems, laptops, displays, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.
Residence & Backyard
Over 10 million residence & backyard objects had been offered on B-Inventory.
Residence & backyard is a class that’s in demand year-round. And it’s not simply residence decor objects, but in addition instruments, {hardware}, kitchen & bathtub, outside patio units, small home equipment, flooring, and extra.
Home equipment
B-Inventory offered over 680,000 main equipment models in 2022.
The ‘Massive 5’ home equipment discovered on B-Inventory embody washers, dryers, fridges/freezers, dishwashers, and ovens/stoves/cooktops.
Take a look at our Earth Day 2023 infographic for extra sustainability metrics!
In the event you’re a enterprise prepared to start out sourcing stock with a give attention to sustainability, why not begin with liquidation stock? And for sellers, think about using B-Inventory as a worthwhile, stock administration answer. Collectively, we will amplify recommerce efforts and save hundreds of thousands extra merchandise from landfills.
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