Retailers have always had to deal with returns. But with the steady rise of online sales, the amount of returned product is growing larger with each passing year.
Retail returns are unavoidable, and companies know they should anticipate a certain percentage each year. For e-tailers — many of which are facing soaring shipping costs and chronic freight bottlenecks — there’s an additional layer of complexity to reverse logistics.
As the ease of buying goods online grows, so does the rise in returns. Reverse logistics costs can amount to nearly 60% of an item’s sales price — but there are a growing number of ways to mitigate these costs.
The latest news, analysis, services and systems regarding reverse logistics and its impact on global supply chains. Today’s companies are refurbishing and recycling more goods and managing more product returns than ever before thanks, in part, to the boom in e-commerce. New technologies for reverse fulfillment are transforming the way companies provide customer support - and allowing them to stay ahead of the competition in their industries. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using reverse logistics solutions to power their supply chains.
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