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 large manufacturers are already adopting extra sustainable practices to advertise recommerce that you just would possibly acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. In reality, manufacturers with resale packages elevated 275% from 2020.

At B-Inventory, we rejoice each day prefer it’s Earth Day! However it’s good to mirror on a 12 months of sustainability and the influence 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 could embrace something from clothes and electronics to furnishings and home equipment.

The objective of recommerce is to increase the life cycle of merchandise and scale back waste, moderately than disposing of them in landfills. By extending the life cycle of merchandise, recommerce can even assist preserve sources and scale back greenhouse gasoline emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native economic system due to the rise in impartial brick-and-mortar and on-line resale companies.

In brief, recommerce helps to advertise a extra round economic system!

B-Inventory & Sustainability

B-Inventory focuses on recommerce as a service. 9 of the highest 10 U.S. retailers are at the moment utilizing B-Inventory to promote their returned and overstock merchandise on to hundreds of authorised, enterprise consumers.

In reality, in 2022 alone 120 million gadgets have 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 cut up into tons of classes. Some prime reselling classes embrace dwelling & 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 consumers!

Let’s take a more in-depth take a look at how every class displays in a round economic system:

Attire

In the US, there are greater than 100 kilos of textile waste per particular person every year. (EPA)

B-Inventory offered 32 million articles of clothes into the recommerce market.

Attire is persistently ranked as one of many hottest gifting classes. Girls’s, males’s, and youngsters’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!

Because of new mannequin releases and trade-in packages, shopper electronics is a behemoth class. This contains computer systems, laptops, screens, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.

Residence & Backyard

Over 10 million dwelling & backyard gadgets have been offered on B-Inventory.

Residence & backyard is a class that’s in demand year-round. And it’s not simply dwelling 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 ‘Massive 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!

If you happen to’re a enterprise prepared to start out 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 answer. Collectively, we will amplify recommerce efforts and save hundreds of thousands extra merchandise from landfills.