Returns usually find yourself in landfills. This is how 3 firms are serving to them get resold as a substitute.


Vacation buying was anticipated to interrupt information in 2021 — and now that each one the presents have been unwrapped, the returns are flooding in.

UPS estimates that it’ll course of greater than 60 million return packages by the top of January, 10% greater than final yr. However not all returned merchandise shall be restocked and resold. As an alternative, many will find yourself getting thrown away.

Returned stock accounted for five.8 billion kilos of landfill waste in 2020, in accordance with reverse logistics firm Optoro and Environmental Capital Group. This occurs primarily as a result of processing returns, particularly e-commerce returns, is time-consuming and labor- and resource-intensive, Meagan Knowlton, Optoro’s director of sustainability, instructed Insider.

Click on to learn the complete Enterprise Insider article>>


Please enter your comment!
Please enter your name here

Share post:




More like this

does market sentiment drive inventory returns? – Financial institution Underground

Gerardo Martinez In 1936, John Maynard Keynes coined the...

The NHS funding disaster – in The Mirror this morning

My new report on funding the NHS, out...

Why now could be the time to transition to STP Section 2 in Xero

By now, you’ll be conversant in Single Contact...

What Is an Entrepreneur? 5 Traits (+ Notable Trailblazers)

Except you’ve been dwelling below a rock for...
%d bloggers like this: