The global consumer goods market and the industries that support it— eCommerce, logistics, etc.—have become incredibly good at producing new merchandise and getting it into the hands of consumers. It’s a different story, however, when goods fail to sell or get returned.
Even leading brands and retailers find themselves unequipped to handle large amounts of excess, slow-moving, or returned inventory which take up valuable warehouse space while locking away cash value. Unfortunately, it’s often so costly to inspect, repackage, store, transport, and remarket these goods that businesses opt to destroyed or bury it away in a landfill. Is there a better way?
This infographic explores the rampant waste problem, the reasons behind it, and the consumer and corporate sentiments around it—and offers a clear solution.
