Earth Day 2023: B-Inventory, Recommerce, & Sustainability
Recommerce is paving the best way for a extra sustainable future—B-Inventory, consumers, and sellers all play a task in making it occur. In brief, recommerce is resale—and it’s booming. Some big manufacturers are already adopting extra sustainable practices to advertise recommerce that you simply would possibly acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. In actual fact, manufacturers with resale applications increased 275% from 2020.
At B-Inventory, we have fun day-after-day prefer it’s Earth Day! However it’s good to mirror on a yr 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 will embody something from clothes and electronics to furnishings and home equipment.
The objective of recommerce is to increase the life cycle of merchandise and cut back waste, somewhat than disposing of them in landfills. By extending the life cycle of merchandise, recommerce may assist preserve assets and cut back greenhouse fuel emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native financial system because of the rise in impartial brick-and-mortar and on-line resale companies.
In brief, 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 presently utilizing B-Inventory to promote their returned and overstock merchandise on to 1000’s of accredited, enterprise consumers.
In actual fact, in 2022 alone 120 million objects had been offered throughout the B-Inventory recommerce platform. To make clear, that’s practically 439 million kilos of merchandise saved in use!
What does recommerce appear like by class?
Our recommerce platform is break up into tons of classes. Some high reselling classes embody dwelling & backyard, home equipment, attire, shopper electronics, and cell. 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 have a look at how every class displays in a round financial system:
Attire
In america, 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 persistently ranked as one of many most popular gifting categories. Ladies’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!
Due to new mannequin releases and trade-in applications, shopper electronics is a behemoth class. This consists of computer systems, laptops, screens, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.
House & Backyard
Over 10 million dwelling & backyard objects had been offered on B-Inventory.
House & backyard is a class that’s in demand year-round. And it’s not simply dwelling decor objects, 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 embody 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 begin 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 resolution. Collectively, we will amplify recommerce efforts and save hundreds of thousands extra merchandise from landfills.
