Many of the recipients of Supply & Demand Chain Executive’s Green Supply Chain Award have been on the scene for some time, though a few new faces stand out on the annual list. No matter their track record, however, each of the companies recognized this year is making a positive impact not only on our environment, but their own bottom line. Those who made notable contributions in 2017 are listed below.
Though not an obvious first thought, the reverse supply chain is definitely a place where retailers can support sustainability initiatives. This is particularly true when it comes to heavy use, damaged, salvage or other hard-to-sell items. Historically, these products went straight to a landfill, but these days, regardless of the condition of the returned products, there is a buyer base interested in facilitating either reuse or recycling—you just have to know how to tap into it. B-Stock provides clients access to a global base of vetted buyers interested in product across all condition codes, with many solely interested in recycling or repurposing salvage products for their own business needs. What’s more, because of B-Stock’s transparent B2B marketplace platform that connects sellers directly to buyers, their clients know exactly who is purchasing their product and for what purpose. Since inception, over 105 million previously deemed excess items have been sold through B-Stock for reuse, resale or recycling.