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Globally there is a huge demand to change the way we interact with and treat the world, particularly since news broke in 2018 that we have only 12 years to limit catastrophic climate change.
The retail industry can be particularly wasteful: returns and excess inventory exceeds $1.2tn globally. Products that have been damaged or are no longer fashionable are notoriously hard to resell, and retailers are often forced to dispose of them.
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…