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

Editorial Team

Author

B-Stock Editorial Team

More from the B-Stock Blog

Employee Spotlight: Emel Meteoglu – Vice President of Product

We’re happy to announce that Emel Meteoglu, Vice President of Product at B-Stock, has been named one of the  Top 50 Women Leaders of San Francisco for 2023 by Women We Admire! Emel is an accomplished executive and product leader with…

Mar 20 2023 · 6 min read

A Buyer’s Guide to Major Appliances Liquidation Marketplaces

Say goodbye to the traditional appliance liquidators who you’ve dealt with in the past. B-Stock is your new appliance destination!  Keep reading if you are:  An appliances outlet store owner Someone who exports appliances Sourcing parts and salvage appliances  Have…

Feb 24 2023 · 8 min read

How Selling Groceries Online Turns Surplus Staples & Sundries Into Cash

The grocery industry is critical to our nation’s infrastructure. But as people go about their busy lives, they tend to take their favorite grocery store for granted as a plentiful and reliable source of all the food and home staples…

Feb 10 2023 · 12 min read

Like what you see?

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