DRS Product Returns

This article discusses how the consumer goods industry (specifically consumer-packaged-goods or CPG companies) has struggled over the past decade. In the early 2000s, CPG companies experienced steady growth and strong returns for investors. However, since then, growth has slowed, and companies have been relying heavily on cutting costs to maintain profits. This has resulted in weaker performance and declining investor confidence but it has resulted in additional holes in the profit bucket and cash on hand to fuel innovation required to get out of this doom loop.   To revive the industry, the article proposes a "dual agenda" approach for CPG leaders: Portfolio Growth: CPG companies need to shift focus and invest in high-growth areas, using mergers, acquisitions, and entering new business sectors to drive growth. Companies should also divest from underperforming parts of their portfolio. Performance Improvements: Leaders need to drive better commercial capabilities, innovate to expand premium offerings, and adopt automation and new technologies to reduce costs and improve productivity. This includes being more data-driven and embracing digital transformation in marketing and other key business areas.   CPG companies must overcome significant obstacles, such as slower population growth, changing consumer preferences, and increased competition from smaller brands and private labels. Additionally, rising material costs and supply chain challenges due to climate change are increasing pressure on companies to become more efficient. In short, the industry needs to focus on both revitalizing growth and continuing to streamline operations to succeed in the coming decade.   DRS partners with leading CPG companies to help efficiently liquidate distressed inventory, turning a common challenge into opportunities for positive cash flow and increased productivity. By finding new markets for this excess inventory, we help prevent it from ending up in landfills. Whether you're dealing with supply or demand, we're here to explore potential solutions together. 

We were featured in Logistics Tech Outlook, where Matt had the chance to talk about our unique approach to reverse logistics. https://lnkd.in/e6mqiUaQ

With the right returns process in place, you can reduce costs related to transportation, administration, technical support, quality and disposal. The most cost-effective way to improve profitability is to save money and lower operating costs through recycling and resale. https://lnkd.in/eKbcaike

While this article talks about reverse logistics from the retailer's perspective, we welcome the conversation around returns. We work with manufacturers to help them manage their returns or slow-moving inventory. Ultimately, we help build brand confidence and keep the customers that valuable advertising dollars have been spent to attract. https://lnkd.in/dJ4SDUR9

Today, DRS honors the brave men and women who have served our country with unwavering dedication and sacrifice. Thank you to all the veterans who have selflessly defended our freedom and protected our way of life. Your courage and commitment inspire us all. 🎗️ #VeteransDay #ThankYouVeterans #Gratitude