Collaborating to recover and resell returned goods for top retailer
TORONTO, April 8, 2021 /PRNewswire/ -SCI Group Inc., one of Canada's largest third party logistics providers, and B-Stock, the world's largest business-to-business online recommerce network, announced today they have teamed up to reduce the waste from returned online purchases.
B-Stock is the worlds largest online marketplace for returned, excess, and other liquidation merchandise. Our customers range from the worlds largest brands and retailers (including nine of the top 10 U.S. retailers) to hundreds of thousands of small businesses. B-Stock believes there is tremendous value in and demand for this inventory no matter the category, condition, or location. (CNW Group/SCI Group Inc.)
“E-commerce and omni-channel retail continue to grow, and so does the volume of returned inventory,“ explains SCI Omni-Channel Retail Vice President, Dave Mack. “As reverse logistics leaders, we are proud to work with B-Stock to reduce environmental impact by giving these items new life, and helping retailers build customer satisfaction and recover revenue.“
Founded in 2008, B-Stock provides a technology solution to retailers and manufacturers to offer and sell returned and surplus inventory to a network of vetted business buyers. The company handles inventory from a number of ecommerce leaders and sells it to businesses through more than 60 specialized online marketplaces. Items range from apparel, cell phones, appliances, to consumer electronics.