reverse logistics

Sotira asegura $ 2 millones pre-semillas para ayudar a las marcas a monetizar el inventario de excedentes

sotira-asegura-$-2-millones-pre-semillas-para-ayudar-a-las-marcas-a-monetizar-el-inventario-de-excedentes

Sotirauna plataforma de gestión de inventario excedente de IA, ha recaudado $ 2 millones en fondos previos a las semillas para ayudar a las marcas a descargar y capitalizar su inventario excedente. La ronda de financiación incluyó la participación de inusual Ventures, K5 Global, Night Capital y Soma Capital. Amrita Bhasin, cofundadora y directora ejecutiva […]

Esta entrada Sotira asegura $ 2 millones pre-semillas para ayudar a las marcas a monetizar el inventario de excedentes Aparece primero en

https://fullavantenews.com/sotira-asegura-2-millones-pre-semillas-para-ayudar-a-las-marcas-a-monetizar-el-inventario-de-excedentes/?lang=es

Sotira secures $2M pre-seed to help brands monetize surplus inventory

Sotira, an AI-powered surplus inventory management platform, has raised $2 million in pre-seed funding to help brands offload and capitalize on their surplus inventory.

The funding round included participation from Unusual Ventures, K5 Global, Night Capital and Soma Capital.

Amrita Bhasin, co-founder and CEO of Sotira, said the company was founded to enable brands to quickly sell their excess stock, with a specific focus on grocery, health and wellness and cosmetics items.

Bhasin said surplus...

https://www.freightwaves.com/news/sotira-secures-2m-pre-seed-to-help-brands-monetize-surplus-inventory

How reverse logistics can help retailers avoid ring around the collar

The spend-crazy consumer has been both a blessing and a curse for the logistics industry. The positive is the additional volume of boxes being moved. The negative? Fraud, theft and rising logistics costs.

We have heard stories about or know at least one person who has worn an outfit with the tag on to a wedding or a one-time event only to return the item after wearing it. This is called “wardrobing.” Retailers who do not catch these used items carelessly put them back on the rack or in stock to...

https://www.freightwaves.com/news/how-reverse-logistics-can-help-retailers-avoid-ring-around-the-collar

Watchdog sees reverse logistics potential for Postal Service

WASHINGTON — The U.S. Postal Service may have an opportunity to expand its presence in the reverse logistics market and take on 3PLs as well as commercial rivals UPS and FedEx, according to a federal watchdog.

The Postal Service has been increasing its presence in the package returns market since 2018 by introducing services that vary based on speed, volume and shippers’ logistics capabilities.

But a new white paper by the agency’s Office of Inspector General (OIG) titled “Sending It Back:...

https://www.freightwaves.com/news/watchdog-sees-reverse-logistics-potential-for-postal-service

3 companies that are innovating their way to sustainable logistics

Its crucial role in the global supply chain is unquestioned, but freight transportation is also one of the largest contributors to greenhouse gas emissions.

The commercial transportation sector — which includes trucks, planes, ships and trains — currently makes up about 15% of annual global greenhouse gas emissions, according to the Environmental Protection Agency.

Supply chain experts said the transportation sector could soon be the largest contributor to global greenhouse gases. That’s...

https://www.freightwaves.com/news/3-companies-that-are-innovating-their-way-to-sustainable-logistics

DoorDash launches Package Pickup for returns

In 2021, U.S. consumers spent $4.58 trillion — yes, trillion — on retail. But at the same time, retailers took back more than $761 billion worth of merchandise, or an average of 16.6% of all American sales.

The return rate tends to tick even higher following the winter holiday season. Customers returned about $158 billion worth of goods purchased between Nov. 1 and Dec. 24, 2021 — an average of nearly 18% of all sales during that period.

It’s that time of year again. And in anticipation of the...

https://www.freightwaves.com/news/doordash-launches-package-pickup-for-returns

Viewpoint: The important role return policies play in customer retention

This commentary was written by Spencer Kieboom, founder and CEO of Pollen Returns. The views expressed here are solely those of the author and do not necessarily represent the views of Modern Shipper or its affiliates.

Returns are a spotlight staple during the holiday season. There is even a designated national day for returns called “National Returns Day” on Jan. 2. An item doesn’t fit, someone already owns one or would rather have something else, and the list goes on with many reasons for...

https://www.freightwaves.com/news/viewpoint-the-important-role-return-policies-play-in-customer-retention

Returns could be pot of gold at end of 3PL rainbow

For third-party logistics providers to capture a share of a multitrillion-dollar global market for reverse logistics services, all they have to do is effectively synchronize product cost-recovery efforts, heightened demands of customers and their customers’ customers, and a sharp focus on sustainable operations.

Of course, it’s nowhere near that simple nor familiar. Unlike the straightforward and mature business of forward logistics in which 3PLs are well entrenched, reverse logistics is in its...

https://www.freightwaves.com/news/returns-could-be-pot-of-gold-at-end-of-3pl-rainbow

Consumers push back on retailers’ online return fees

Aaron Schwartz, president of Loop Returns, has said that between 60% and 70% of online shoppers will review a return policy before shopping with that brand for the first time. Technology company CleverTap said that 76% of first-time shoppers said they are likely to shop with a retailer again if the return experience was “easy” or “very easy.”

The National Retail Federation conducted a survey before the 2021 holiday season. The Consumer Returns in the Retail Industry 2021 survey found that $761...

https://www.freightwaves.com/news/consumers-push-back-on-retailers-online-return-fees

FloorFound builds out reverse logistics recommerce network

FloorFound has launched what it said is the largest recommerce network in North America for oversized items. The network, which includes facilities, fulfillment and transportation, provides retailers of oversized items a “plug-and-play infrastructure” with little to no upfront investment, the company said.

FloorFound said the network enables retailers to turn oversize returns into new revenue while eliminating inventory risks or sales cannibalization.

“Reverse logistics for oversized items has...

https://www.freightwaves.com/news/floorfound-builds-out-reverse-logistics-recommerce-network

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