Returns often end up in landfills. Here’s how 3 companies are helping them get resold instead.

Returned inventory accounted for 5.8 billion pounds of landfill waste in 2020, Optoro and Environmental Capital Group reported.

Retailers often throw returned items in the trash because it’s the cheapest and fastest option.
Companies like Optoro and B-Stock Solutions offer a more sustainable solution, like reselling.
The resale market also circumvents supply-chain issues since the item can be delivered right away.

Holiday shopping was expected to break records in 2021 — and now that all the gifts have been unwrapped, the returns are flooding in. 

UPS estimates that it will process more than 60 million return packages by the end of January, 10% more than last year. But not all returned products will be restocked and resold. Instead, many will end up getting thrown away.

Meagan Knowlton.

Returned inventory accounted for 5.8 billion pounds of landfill waste in 2020, according to reverse logistics company Optoro and Environmental Capital Group. This happens mainly because processing returns, especially e-commerce returns, is time-consuming and labor- and resource-intensive, Meagan Knowlton, Optoro’s director of sustainability, told Insider. 

“You get all of these packages back to a warehouse and have to open every single box to inspect each item and then determine what to do with those items,” she said. If a product is opened or used, it often can’t be restocked, so throwing it away is the easiest, least expensive option, she added. 

Utilizing the resale market and e-commerce return tools

Optoro is one of several companies offering solutions to keep returns out of landfills, including helping retailers and brands process returns more efficiently and selling returned items on the growing resale market. 

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Working with brands like IKEA, Best Buy, and Target, Optoro reported it has helped its clients keep 96% of their returns and excess inventory out of landfills …read more

Source:: Businessinsider

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