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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

Episode guests

Podcast summary created with Snipd AI

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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