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B-Stock is urging retailers and distribution centres to utilise technology and data to improve the reverse supply chain process.
With CBRE reporting that 30% of online purchases were sent back last year with ecommerce returns expected to rise 15% year-on-year, the sheer volume of returns can be overwhelming for the channel. However, B-Stock – an auction platform for returned, excess and other liquidation inventory – says this logistical challenge can be improved and even solved.
Each year, B-Stock facilitates the movement of billions of dollars worth of returned and overstock inventory via the world’s largest B2B recommerce marketplace. This means, of course, that we sit in the middle of a two-sided network madue up of…