Regency Applied sciences has eight places throughout the US, and so they’ve been recycling, testing, repairing, and promoting electronics since 1998. That’s a mixed 24 years! From the east coast to the west coast, spanning all the best way from Olympia, Washington to Atlanta, Georgia, they’ve made a reputation for themselves on the planet of ITAD and electronics recycling processors.
Regency is an R2-certified firm that works with retailers, healthcare and monetary organizations, in addition to authorities companies and academic establishments, to audit and check retired electronics and correctly recycle IT gear. What’s extra, overstock digital items and useful gadgets get listed on our very personal B-Inventory Provide, a multi-seller market the place authorised consumers should buy returned, extra, and refurbished stock from tons of of various sellers multi function place.
We sat down to speak with Regency to listen to their journey promoting on Provide and past. On this version of B-Inventory’s Group Highlight: Meet Eric and Jim Levine of Regency Applied sciences!
The Beginnings of Regency Applied sciences
The corporate was began over 20 years in the past now in 1998. Eric’s father, Jim Levine, heads the corporate, and practically 1,000 workers unfold throughout their eight amenities. What began as a small store refurbishing and remarketing IT gear, later pivoted to incorporate the resale and recycling of electronics and home equipment. You may say Regency was part of the round financial system earlier than that was even a phrase!
What Regency makes a speciality of
The first a part of their enterprise serves as an ITAD and electronics recycling processor. Outdated and returned electronics merchandise that want recycling, or gear testing and auditing course of to repair and refurbish gear. Regency recycles greater than 150 million lbs. of end-of-use electronics yearly!
On B-Inventory Provide, yow will discover Regency itemizing shopper electronics like video and audio gear, tech equipment, and home equipment. Which get put up for public sale and might be bid on by registered consumers on the platform.
R2 licensed recyclers
If you find yourself a recycling processor, you need to abide by high quality, well being, and environmental requirements. Regency has been R2 licensed for 13 years. This was what Eric needed to say:
“Anyone who’s doing resale within the electronics world, it’s positively sensible to be doing it. And never only for the enterprise, however I imagine in these certifications for environmental functions and correct follow for a enterprise in order that individuals are following the fitting pointers to be environmentally accountable. That’s what all that stuff is in place for.”
Footage from Regency’s characteristic on Discovery Channel’s Tomorrow’s World At present
Preserving issues in use
On the opposite finish of their enterprise, there’s additionally the chance to maintain issues in use. Which is the type of stock that Regency lists on B-Inventory Provide. In Eric’s phrases, “It makes extra sense to have the ability to repair and check issues and promote them again to folks at a reduction who’ve an curiosity in utilizing that stuff.” On a case-by-case foundation, in fact.
An instance Eric gave was on scratch and dent home equipment, that are nonetheless absolutely useful:
“Does it is smart to interrupt down a fridge and get it again right down to uncooked supplies like metallic, plastics, and glass or does it make extra sense to attempt to get it to somebody who has a useful use for that fridge to maintain issues chilly?”
He gave one other instance with shopper electronics:
“Say we get a bunch of outdated telephone instances, these aren’t essentially tablets or telephones, however we’re not simply throwing them into the recycling machine both. We’ll type them out and put them again into the market as a result of there are nonetheless folks that may use these telephone instances.”
Q: What motivated you to get into the enterprise?
For me, having grown up round this, there have been a lot of years I used to be not concerned with it. I went to varsity and studied enterprise and music, after which pursued arts out in the actual world—which had been all incredible experiences. I simply hit some extent the place I used to be prepared for a extra conventional sort of profession.
It’s a very good enterprise and environmentally centered, and I’m positively an environmentalist. What this firm does may be very a lot in step with my core values as an individual; to have the ability to put these issues collectively is a blessing, and to do it with household and others that I’ve labored with for years, may be very cool.
Q: How has B-Inventory Provide helped you/ your online business?
The most important manner B-Inventory has helped us is: it’s a very good on-line presence and it’s a good way to attach with different companies you wouldn’t have in any other case been in a position to join with with out a platform like this. There have been new corporations we’ve been launched to by way of B-Inventory. A few of them come and go, and these could also be one-time transactions, and a few companies turn out to be returning, common prospects.
The most important factor that I’ve seen is that the purchasers which can be returning and care about it…there’s sufficient gear the place different corporations are in a position to maintain their very own companies and observe their goals on account of what we’re doing. We obtained a letter from one of many sellers thanking us for what they had been in a position to buy and the way they had been in a position to begin this small enterprise. It was very heartwarming to see that occur.
Classes discovered alongside the best way
Being part of the larger image
Doing enterprise on the wholesale degree is completely different than simply promoting one merchandise to finish customers the place you’re making an attempt to make as a lot revenue as you’ll be able to. You’re engaged on a business-to-business platform, which suggests particular person consumers are utilizing this stock to gas their very own companies!
“You’re working with different folks which can be pursuing their pursuits and their goals and beginning their very own companies by way of that materials provide. It’s cool to be part of it, I do know we’re only a small a part of it, however on the similar time, everybody who will get concerned is certainly making an attempt to push that narrative ahead.
Eric illustrated this level even additional:
“Some people who find themselves prospects on the platform have been in a position to maintain their enterprise and put meals on the desk for his or her households due to what you guys [B-Stock] are offering as a market.”
Endurance and perseverance
While you cope with giant volumes of supplies and so many transferring components, it’s necessary to place issues into perspective. Merely seeing your self within the footwear of all people concerned can go a great distance.
“Typically sure issues that occur on a daily can appear very excessive. It’s a must to zoom out and notice what you’re doing, who you’re working with, who these individuals are which can be both shopping for or promoting, and the place it matches into that spectrum of the meals chain. Perhaps one factor that looks as if a giant deal at the moment, like an overcharge invoice on a freight cargo, isn’t an end-all-be-all. Typically it takes a deep breath and a bit of persistence. Each single day you go in, there’s all the time going to be a bit of left for tomorrow.”
Navigating COVID-related points
Latest provide chain points proceed to rock industries all over the world. Regency shared the identical expertise that many different companies did in the course of the peak durations of the pandemic. From freight logistics and transportation to managing labor shortages and different disruptions.
“Weathering that storm whereas sustaining constructive enterprise all through that point interval has positively been a problem but it surely has not been insurmountable. It takes a variety of character and perseverance and lots of people working collectively to make it occur. It might not have all the time been easy however we’ve gotten the job accomplished.”
Discover Regency Applied sciences on B-Inventory Provide!
On B-Inventory Provide, yow will discover Regency itemizing giant volumes of examined electronics gear, overstock items, and home equipment! For extra data on their providers or firm, go to their web site right here or give them a observe on Fb.
