How you can be a part of the e-commerce circular economy
The circular economy is a concept that aims to reduce waste and promote the continual use of resources through reusing, repairing, and recycling. It is based on the idea of "closing the loop" and creating a system that is restorative and regenerative by design [1]. The circular economy has many benefits for the environment, society and the economy, such as saving natural resources, creating jobs, and enhancing innovation [2]. It also has a huge benefit to retailers and service providers alike.
E-commerce is a booming industry that offers convenience, variety and competitive prices to consumers. However, it also generates a lot of waste and environmental impact, especially from packaging, transportation, and returns. According to a study by Accenture, online shopping makes up one in seven retail purchases worldwide, accounting for about $3.5 trillion in 2019 [3]. The same study estimates that e-commerce returns generate about 5 billion tons of landfill waste and 15 million tons of carbon emissions annually [3].
Therefore, it is crucial for e-commerce businesses to adopt circular economy practices and reduce their environmental footprint. One way to do this is by implementing sustainable returns management solutions that can turn returned products into new opportunities for revenue and customer satisfaction. This is where Ezi Returns Resell service comes in.
Ezi Returns Resell service allows e-commerce sellers to resell their returned inventory through Ezi Returns' network of hubs across the globe [4]. This service works as follows:
- E-commerce sellers send their returns to one of Ezi Returns' hubs, where they are sorted, graded and stored.
- We assess the condition of the returned items and identify those suitable for resale.
- We handle the order fulfillment and shipping for the resold items.
By using Ezi Returns Resell service, e-commerce sellers can benefit from:
- Recovering revenue from returned products that might otherwise go to waste or incur additional costs.
- Enhancing customer loyalty by offering a more sustainable and responsible way of handling returns.
- Saving time and resources by outsourcing the returns management process to Ezi Returns
- Reducing their environmental impact by avoiding landfill disposal and unnecessary transportation of returned products.
Ezi Returns Resell service is an example of how e-commerce businesses can embrace the circular economy and create value from their returns. By doing so, they can not only improve their profitability and competitiveness, but also contribute to a more sustainable future for everyone.
