Returns and excess inventory are traditionally sold in bulk, then delivered several times for several months before reaching a customer. This method is slow and costly, and it offers no insight into a product’s entire life cycle. Our solutions allow retailers to route each returned and excess item to its next best home by minimizing touches and collaborating with donation and recycling organizations, diverting product from landfills. In 2019, retailers who used our strategies could keep 96% of their returned and excess inventory out of the landfill. Our clients divert more than 30% of waste away from landfills and contribute to more than 20% reduction in carbon emissions from returns and excess products on average.
Retailers are turning to circular business models to help them expand while also meeting customer demands for sustainability. Returns optimization is an essential part of creating a more circular retail market. Vascart provides retailers with the resources they need to quickly relist returned and excess goods on recommerce or donation sites and route products in need of repair to refurbish and recycle. The extra materials that are harvested through the process can then be used to make new products.
Retailers can get unit-level data on where returned, or surplus units end up in the supply chain using VASCART solutions. Retailers now have access to the information they need to improve their CSR and compliance reporting. Our recycling operation recycles electronics safely and preserves the privacy of consumers’ personal information.