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B-Stock Welcomes a New VP to its Leadership Team
Belmont, CA, Sep 16, 2021 (GLOBE NEWSWIRE) — B-Stock, the world’s largest business-to-business marketplace for excess merchandise, today announced the addition of a new hire to its leadership team. Ken Shum joins the company as Vice President of Engineering.
With the acceleration of e-commerce, leading retailers, brands, and manufacturers are quickly rethinking the way they manage returned and overstock merchandise. Higher inventory recovery rates, improved warehouse utilization, and cash flow velocity are critical in this rapidly changing market. B-Stock CEO, Howard Rosenberg, adds, “The volume of recommerce inventory continues to grow with the rise of e-commerce. On one side, retailers and manufacturers are reshaping their operations for the speed of e-commerce. On the other, entrepreneurs are building successful resale businesses by addressing the consumer’s growing demand for sustainability. B-Stock’s technology platform sits in the middle of it all, matching and powering transactions.”
Just last year, B-Stock added 700 new sellers and enabled a second life for over 120 million items. Rosenberg expects this increased volume to continue and is thrilled Ken is on board to steer the next evolution of B-Stock’s technology. “Ken brings an extensive technical background in building scalable and user-friendly experiences, particularly in the e-commerce domain; his unique skill set will be critical to our growth efforts and success.” Ken says it is the mission that encouraged him to join B-Stock. “I want to be a part of an awesome and focused team, firing on all cylinders to empower more people in the recommerce space. Plus, I get to play with new tech!”