Earth911 Podcast: B-Inventory’s Marcus Shen on Rising the Resale Financial system

Earth911 Podcast: B-Inventory’s Marcus Shen on Rising the Resale Financial system

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Recommerce is on the rise as retail places battle to draw prospects after the pandemic, they’re operating in need of backroom space for storing whereas coping with a rising tide of returned gadgets. The state of affairs is much more difficult for e-commerce firms, the place returns accounted for $761 billion in misplaced income, the Nationwide Retail Federation lately reported. Meet Marcus Shen, CEO of San Mateo, CA-based B-Inventory Options, an internet market for companies that wish to resell extra stock. From the highest 10 U.S. retailers, akin to Walmart, Amazon, GameStop, and Costco, to small entrepreneurs seeking to fill their cabinets, companies all over the world use B-Inventory to promote and purchase returned and unsold merchandise, which is auctioned off or offered immediately from the retailers’ distribution heart at a fraction of the retail value.

Marcus Shen, CEO of B-Stock Solutions
Marcus Shen, CEO of B-Inventory Options, is our visitor on Sustainability in Your Ear.

A mind-boggling 21% of on-line purchases had been returned through the 2021 vacation season — which means that the price of returns at Amazon, which doesn’t disclose its return quantity, might have reached greater than $98 billion in 2021. A few third of the gadgets returned are burned to generate power, which is the epitome of wastefulness and a symptom of very short-sighted pondering. Add to the concept that helpful returned merchandise are burned the carbon footprint of a return journey from the customer’s residence, and you’ll see how returns can nearly double or extra the environmental impression of a purchase order. Within the face of a rising tide of returned and extra stock, giving these merchandise a second likelihood at a helpful life is essential to decreasing the GHG emissions generated by our financial system. Discover the crooked path of “reverse-logistics” and the way the secondary market will help create a extra round financial system.

To be taught extra about B-Inventory and, if you’re seeking to begin a small retail or e-commerce enterprise, store the surplus stock, go to bstock.com.



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