GOOD QUESTION

What disruptive innovation will have the greatest impact on the supply chain? The growth of e-commerce is causing a substantial spike in the volume of returns and putting enormous pressure on already thin retail margins. Technology-based solutions that bring efficiency to the handling of excess merchandise could mean the difference between survival and extinction. Read …

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Posted in: In The News

Holiday Returns: they’re coming….are you ready?

Holiday returns are a lot like the Grinch: out to steal your Christmas cheer. Considering 10 percent of holiday purchases are returned each year, there’s no denying their inevitable arrival in the weeks following December 25. This season will likely bring more returns given heightened consumer expectations of relaxed cross channel return policies and the …

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Posted in: In The News

Liquidation 2.0: The Benefits of Buying Straight from the Source

Historically, large retailers and manufacturers have relied on one or two liquidators for dealing with their returned and excess merchandise. Over the past few years however, a shift has taken place: many organizations are bypassing traditional liquidation methods and incorporating technology-based programs for obsolete inventory into their overall business strategy (or as we like to …

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Posted in: In The News

Ask The Expert: Are overstock auctions a way to get bargain stock?

Slack periods can see significant amounts of excess stock piling up in the stockrooms of major retailers, who are less-than-happy to see obsolete goods cluttering their backrooms. Historically such retailers would have sold this excess stock for a pre-negotiated (most likely low) price, to one or two liquidators. However a shift has taken place in …

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Posted in: In The News

How UK retailers can combat the rise in e-commerce returns

UK e-commerce is the strongest in all of Europe in terms of total share on retail sales with continued growth expected: a predicted increase from 14.5 percent of global e-commerce sales in 2015 to 19.3 percent in 2019 was recently reported. This sustained growth brings with it a proportionate increase in customer returns. In 2015 …

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Posted in: In The News

What happens to the 1.3 million pieces of furniture in the Olympic Village once the Olympics end?

The Olympic Village is made up of 31 buildings that each contain 17 floors. In those 31 buildings, there are 3,604 apartments. In addition to the 10,000 athletes these apartments house during the games, they also provide shelter for the trainers, coaches, and medical staff who accompany them. The grand total of humans dwelling in these rooms for three …

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The Chairs of Rio’s Olympic Champions Have a Secret Second Life

Next time you feel you’re moldering in your office chair, consider that it may secretly have a glamorous history. Since well before the Rio Olympics began, an Australian company has been lining up second homes for the 135,000 chairs, 350 portable massage beds, 900 bar stools, 20,000 beds, 102,000 electrical items, 600 small safes—even the 2,500 stainless steel trash …

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Posted in: In The News