Holiday shopping was expected to break records in 2021 — and now that all the gifts have been unwrapped, the returns are flooding in.

UPS estimates that it will process more than 60 million return packages by the end of January, 10% more than last year. But not all returned products will be restocked and resold. Instead, many will end up getting thrown away.

Returned inventory accounted for 5.8 billion pounds of landfill waste in 2020, according to reverse logistics company Optoro and Environmental Capital Group. This happens mainly because processing returns, especially e-commerce returns, is time-consuming and labor- and resource-intensive, Meagan Knowlton, Optoro’s director of sustainability, told Insider.

Click to read the full Business Insider article>>

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

Trying Something New with Proven Methodologies

Have you been working with excess inventory liquidators to sell your business’s inventory, be it overstock, returns, or otherwise? If so, you likely know how frustrating, slow, and inefficient the process can be. Despite these problems, when the time comes…

Jan 20 2022 · 4 min read

Buying Sears Returns: What You Need to Know

Sears has been a household name for decades. So long, in fact, you might forget it was one of the first department stores in the country! Department stores are known for carrying a wide range of household products and necessities…

Jan 18 2022 · 7 min read

Buying Wayfair Returns: What You Need to Know

Wayfair.com, the largest online retailer of home products and furnishings, offers the largest selection of home furnishings and decor across all styles and budgets. In the third quarter of 2021 alone, Wayfair generated $3.1 billion in net revenue! And with…

Jan 14 2022 · 9 min read

Like what you see?

Subscribe to our newsletter to get the latest news from B-Stock.