Earth Day 2023: B-Inventory, Recommerce, & Sustainability

Recommerce is paving the way in which for a extra sustainable future—B-Inventory, patrons, 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 may acknowledge like Lululemon, Levi’s, Patagonia, IKEA, and Madewell. The truth is, manufacturers with resale applications increased 275% from 2020.

At B-Inventory, we have a good time day by day prefer it’s Earth Day! Nevertheless it’s good to replicate on a 12 months of sustainability and the impression we’ve made, collectively.

What’s Recommerce?

Recommerce, also called reverse commerce or re-commerce, refers back to the course of of shopping for and promoting second-hand or used items. This may embrace something from clothes and electronics to furnishings and home equipment.

The purpose of recommerce is to increase the life cycle of merchandise and scale back waste, reasonably than disposing of them in landfills. By extending the life cycle of merchandise, recommerce also can assist preserve assets and scale back greenhouse fuel emissions related to manufacturing new merchandise. Moreover, recommerce can create job alternatives and contribute to the native economic system because of the rise in unbiased brick-and-mortar and on-line resale companies.

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

B-Inventory & Sustainability

B-Inventory makes a speciality of 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 hundreds of accepted, enterprise patrons.

The truth is, in 2022 alone 120 million gadgets had 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 appear to be by class?

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

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

Attire

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

Because of new mannequin releases and trade-in applications, client 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 had 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 in addition instruments, {hardware}, kitchen & tub, outside 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.

Take a look at our Earth Day 2023 infographic for extra sustainability metrics!

When 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 answer. Collectively, we are able to amplify recommerce efforts and save thousands and thousands extra merchandise from landfills.