The Duct Tape Marketing Podcast
Earn More in Your Retail Business with Re-Commerce
May 23, 2024
Patton Gleason, Founder and CEO of Relay Goods, discusses the power of re-commerce in retail, turning surplus inventory into revenue. He highlights smart inventory solutions, specialized marketplaces, and zero-waste supply chain practices, emphasizing sustainability and profitability for retailers.
20:04
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Quick takeaways
- Re-commerce enables retail businesses to profit from returned inventory by implementing smart inventory solutions and utilizing specialized marketplaces for high-quality returns.
- Adopting a zero-waste supply chain approach can help retailers minimize waste, maximize profitability, and defend revenue while enhancing sustainability practices in the retail industry.
Deep dives
Definition and Evolution of Re-commerce
Re-commerce, an emerging market, deals with surplus and returned inventory, challenging traditional distribution models. Historically, items like returns posed significant losses, especially with the rise of e-commerce. Early solutions included platforms like eBay, but as returns increased, selling imperfect items became difficult. Solutions like Relay Goods aim to turn these losses into opportunities by repurposing surplus inventory.
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