Recommerce is paving the way in which for a extra sustainable future—B-Inventory, patrons, and sellers all play a job in making it occur. In brief, recommerce is resale—and it’s booming. Some large manufacturers are already adopting extra sustainable practices to advertise recommerce that you simply would possibly acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. Actually, manufacturers with resale applications elevated 275% from 2020.
At B-Inventory, we rejoice every single day prefer it’s Earth Day! But it surely’s good to replicate on a 12 months of sustainability and the impression we’ve made, collectively.
What’s Recommerce?
Recommerce, also called reverse commerce or re-commerce, refers back to the course of of shopping for and promoting second-hand or used items. This may embrace something from clothes and electronics to furnishings and home equipment.
The purpose of recommerce is to increase the life cycle of merchandise and scale back waste, slightly than disposing of them in landfills. By extending the life cycle of merchandise, recommerce also can assist preserve sources and scale back greenhouse fuel emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native economic system due to the rise in impartial brick-and-mortar and on-line resale companies.
In brief, recommerce helps to advertise a extra round economic system!
B-Inventory & Sustainability
B-Inventory makes a speciality of recommerce as a service. 9 of the highest 10 U.S. retailers are at present utilizing B-Inventory to promote their returned and overstock merchandise on to hundreds of authorized, enterprise patrons.
Actually, in 2022 alone 120 million gadgets have been bought throughout the B-Inventory recommerce platform. To make clear, that’s almost 439 million kilos of merchandise stored in use!
What does recommerce appear to be by class?
Our recommerce platform is break up into tons of classes. Some high reselling classes embrace house & backyard, home equipment, attire, shopper electronics, and cellular. Along with that, there are totally different product situations like overstock and buyer returns. Even salvage stock finds a house with our patrons!
Let’s take a more in-depth have a look at how every class displays in a round economic system:
Attire
In america, there are greater than 100 kilos of textile waste per individual annually. (EPA)
B-Inventory bought 32 million articles of clothes into the recommerce market.
Attire is constantly ranked as one of many hottest gifting classes. Girls’s, males’s, and youngsters’s attire, in addition to activewear, footwear, and extra, make up this class.
Client Electronics
Yearly, 53.6 million metric tons of e-waste are produced worldwide. (United Nations)
B-Inventory gave 6.6 million shopper electronics & cell telephones a 2nd and third life. That’s over 4.5 million kilos!
Because of new mannequin releases and trade-in applications, shopper electronics is a behemoth class. This contains computer systems, laptops, screens, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.
Dwelling & Backyard
Over 10 million house & backyard gadgets have been bought on B-Inventory.
Dwelling & backyard is a class that’s in demand year-round. And it’s not simply house decor gadgets, but in addition instruments, {hardware}, kitchen & bathtub, outside patio units, small home equipment, flooring, and extra.
Home equipment
B-Inventory bought over 680,000 main equipment items in 2022.
The ‘Large 5’ home equipment discovered on B-Inventory embrace washers, dryers, fridges/freezers, dishwashers, and ovens/stoves/cooktops.
Take a look at our Earth Day 2023 infographic for extra sustainability metrics!
For those who’re a enterprise prepared to begin sourcing stock with a deal with sustainability, why not begin with liquidation stock? And for sellers, think about using B-Inventory as a worthwhile, stock administration resolution. Collectively, we are able to amplify recommerce efforts and save tens of millions extra merchandise from landfills.