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. Briefly, 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 reality, manufacturers with resale packages increased 275% from 2020.

At B-Inventory, we rejoice on daily basis prefer it’s Earth Day! But it surely’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 may embody something from clothes and electronics to furnishings and home equipment.

The aim of recommerce is to increase the life cycle of merchandise and cut back waste, quite than disposing of them in landfills. By extending the life cycle of merchandise, recommerce also can 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 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 presently utilizing B-Inventory to promote their returned and overstock merchandise on to 1000’s of accepted, 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 stored in use!

What does recommerce seem like by class?

Our recommerce platform is cut up into tons of classes. Some prime reselling classes embody house & backyard, home equipment, attire, client electronics, and cell. Along with that, there are totally different product circumstances like overstock and buyer returns. Even salvage stock finds a house with our consumers!

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

Attire

In the USA, there are greater than 100 kilos of textile waste per particular person annually. (EPA)

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

Attire is constantly ranked as one of many most popular gifting categories. 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 client electronics & cell telephones a 2nd and third life. That’s over 4.5 million kilos!

Due to new mannequin releases and trade-in packages, client electronics is a behemoth class. This consists of computer systems, laptops, displays, audio system, gaming consoles, controllers, health trackers, smartwatches, and extra.

Residence & Backyard

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

Residence & backyard is a class that’s in demand year-round. And it’s not simply house decor gadgets, 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 models 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!

Should you’re a enterprise prepared to begin sourcing stock with a concentrate on 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 tens of millions extra merchandise from landfills.