Recommerce is paving the best way for a extra sustainable future—B-Inventory, patrons, and sellers all play a task in making it occur. In brief, recommerce is resale—and it’s booming. Some enormous manufacturers are already adopting extra sustainable practices to advertise recommerce that you just may acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. In truth, manufacturers with resale packages elevated 275% from 2020.
At B-Inventory, we rejoice day by day prefer it’s Earth Day! However it’s good to mirror on a 12 months of sustainability and the influence we’ve made, collectively.
What’s Recommerce?
Recommerce, also referred to as reverse commerce or re-commerce, refers back to the course of of shopping for and promoting second-hand or used items. This will embrace something from clothes and electronics to furnishings and home equipment.
The purpose of recommerce is to increase the life cycle of merchandise and cut back waste, quite than disposing of them in landfills. By extending the life cycle of merchandise, recommerce may assist preserve assets and cut back greenhouse gasoline 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 focuses on 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.
In truth, in 2022 alone 120 million gadgets had been offered throughout the B-Inventory recommerce platform. To make clear, that’s practically 439 million kilos of merchandise stored in use!
What does recommerce appear to be by class?
Our recommerce platform is cut up into tons of classes. Some high reselling classes embrace residence & backyard, home equipment, attire, client electronics, and cell. Along with that, there are totally different product circumstances like overstock and buyer returns. Even salvage stock finds a house with our patrons!
Let’s take a more in-depth take 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 offered 32 million articles of clothes into the recommerce market.
Attire is persistently ranked as probably the most well-liked gifting classes. Girls’s, males’s, and youngsters’s attire, in addition to activewear, footwear, and extra, make up this class.
Shopper Electronics
Yearly, 53.6 million metric tons of e-waste are produced worldwide. (United Nations)
B-Inventory gave 6.6 million client electronics & cell telephones a 2nd and third life. That’s over 4.5 million kilos!
Due to new mannequin releases and trade-in packages, client electronics is a behemoth class. This contains computer systems, laptops, displays, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.
Dwelling & Backyard
Over 10 million residence & backyard gadgets had been offered on B-Inventory.
Dwelling & backyard is a class that’s in demand year-round. And it’s not simply residence decor gadgets, but in addition instruments, {hardware}, kitchen & bathtub, outside patio units, small home equipment, flooring, and extra.
Home equipment
B-Inventory offered over 680,000 main equipment items in 2022.
The ‘Huge 5’ home equipment discovered on B-Inventory embrace washers, dryers, fridges/freezers, dishwashers, and ovens/stoves/cooktops.
Try our Earth Day 2023 infographic for extra sustainability metrics!
If you happen to’re a enterprise prepared to start out sourcing stock with a give attention to sustainability, why not begin with liquidation stock? And for sellers, think about using B-Inventory as a worthwhile, stock administration answer. Collectively, we will amplify recommerce efforts and save hundreds of thousands extra merchandise from landfills.
