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Recommerce is paving the best way for a extra sustainable future—B-Inventory, patrons, and sellers all play a job 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 simply may acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. In truth, manufacturers with resale applications elevated 275% from 2020.
At B-Inventory, we rejoice each day prefer it’s Earth Day! Nevertheless it’s good to mirror 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 purpose of recommerce is to increase the life cycle of merchandise and cut back waste, relatively than disposing of them in landfills. By extending the life cycle of merchandise, recommerce may also 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 financial system due to the rise in impartial brick-and-mortar and on-line resale companies.
Briefly, recommerce helps to advertise a extra round financial 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 1000’s of authorised, 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 like by class?
Our recommerce platform is cut up into tons of classes. Some prime reselling classes embrace residence & backyard, home equipment, attire, shopper electronics, and cell. Along with that, there are completely 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 financial system:
Attire
In the US, there are greater than 100 kilos of textile waste per individual every year. (EPA)
B-Inventory offered 32 million articles of clothes into the recommerce market.
Attire is constantly ranked as one of the crucial fashionable gifting classes. Girls’s, males’s, and kids’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 shopper electronics & cell telephones a 2nd and third life. That’s over 4.5 million kilos!
Due to new mannequin releases and trade-in applications, shopper electronics is a behemoth class. This consists of computer systems, laptops, displays, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.
House & Backyard
Over 10 million residence & backyard gadgets had been offered on B-Inventory.
House & backyard is a class that’s in demand year-round. And it’s not simply residence decor gadgets, but additionally instruments, {hardware}, kitchen & bathtub, out of doors patio units, small home equipment, flooring, and extra.
Home equipment
B-Inventory offered over 680,000 main equipment models in 2022.
The ‘Large 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!
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 resolution. Collectively, we are able to amplify recommerce efforts and save thousands and thousands extra merchandise from landfills.
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