Recommerce is paving the best way for a extra sustainable future—B-Inventory, consumers, and sellers all play a task in making it occur. Briefly, recommerce is resale—and it’s booming. Some enormous manufacturers are already adopting extra sustainable practices to advertise recommerce that you just would possibly acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. The truth is, manufacturers with resale packages elevated 275% from 2020.
At B-Inventory, we rejoice day-after-day prefer it’s Earth Day! However it’s good to replicate on a 12 months of sustainability and the impression 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 may embrace something from clothes and electronics to furnishings and home equipment.
The objective of recommerce is to increase the life cycle of merchandise and scale back waste, quite than disposing of them in landfills. By extending the life cycle of merchandise, recommerce also can assist preserve sources and scale back greenhouse gasoline emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native economic system because of the rise in unbiased brick-and-mortar and on-line resale companies.
Briefly, 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 presently utilizing B-Inventory to promote their returned and overstock merchandise on to hundreds of authorised, enterprise consumers.
The truth is, in 2022 alone 120 million objects have been bought throughout the B-Inventory recommerce platform. To make clear, that’s practically 439 million kilos of merchandise saved in use!
What does recommerce appear to be by class?
Our recommerce platform is break up into tons of classes. Some prime reselling classes embrace residence & backyard, home equipment, attire, client 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 consumers!
Let’s take a better 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 bought 32 million articles of clothes into the recommerce market.
Attire is constantly ranked as one of the vital in style gifting classes. Ladies’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.
Residence & Backyard
Over 10 million residence & backyard objects have been bought on B-Inventory.
Residence & backyard is a class that’s in demand year-round. And it’s not simply residence decor objects, 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!
In case you’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 answer. Collectively, we are able to amplify recommerce efforts and save hundreds of thousands extra merchandise from landfills.
