To achieve circularity in supply chains, you need visibility into reverse logistics. But there's an important nuance: without knowing why each product was returned, manufacturers can't repair and/or resell products. There’s a lot of inventory that gets tossed into landfills because manufacturers don’t have visibility into the "why" of each return. This is a lot of money lost for businesses and a tragedy for the environment. Many retailers send returned items to manufacturers periodically in large batches, but without specifying what’s wrong with each individual product. Some may have absolutely nothing wrong with them: in some cases, consumers can simply change their minds. So how can manufacturers and retailers work together to keep more product out of the landfill? It turns out there are many ways: ➡️ Sharing detailed returns data and reason codes to identify the root causes of returns and inform product design and assortment planning. ➡️ Partnering on customer-centric returns policies that provide a seamless experience while minimizing abuse from serial returners. ➡️ Aligning on product packaging and labeling to enable faster processing and disposition of returns using standardized barcodes and RFID tags. ➡️ Collaborating on secondary market channels to resell returned products. ➡️ Optimizing transportation networks by sharing forecasts and leveraging each other's physical footprints. ➡️ Jointly investing in reverse logistics technologies like returns management systems, demand forecasting, and inventory visibility. With collaboration, returns can become a growth opportunity and a marketing point for consumers who increasingly care about sustainability. This review summarizes the insights from over 100 papers: https://buff.ly/3yxi9iy The Visibility Council's Partners are exploring the tech stack that will enable collaborations with both downstream and upstream partners. Learn more about us: https://buff.ly/3RwnyMG #circulareconomy #circularity #supplychain
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Global media production professional in website development management. A talented wordsmith who believes that the pen has always been mightier. Since you're here reading this, don't ever forget, that you matter.
The edge of chaos. How the supply chain industry is at a knife's edge. It's the shifting consumer behaviors against the pursuit of sustainability. https://lnkd.in/dM8vd7kZ @TheBoardmember | Marcus Moloko | #technology | #supplychain | #NewShowmax | #zuckerberg | #supplychainsolutions | #supplychain
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Dive into strategies, best practices, and transformative insights for Reverse Logistics for High Tech Retailers, OEMs & Manufacturers that want to optimise product returns. Understanding and implementing effective reverse logistics is crucial for reducing costs, improving customer satisfaction, and promoting sustainability. Our research hub provides: - Enhanced Decision-Making: Equip your team with the frameworks and analyses needed to make strategic logistics decisions. - Operational Efficiency: Learn to streamline reverse logistics processes to achieve cost savings and operational excellence. - Sustainability: Discover how reverse logistics can support a circular economy, reducing environmental impact and aligning with corporate social responsibility goals. - Competitive Edge: Stay informed about industry certifications and emerging trends to maintain a competitive advantage in the high-tech sector. Explore our research hub today to unlock these insights and more - link is in the comments below. #TechReturnsReCommerce #ReverseLogistics #sustainability #supplychain Ingram Micro Lifecycle
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💡#CEVAInsights Trend watch: 2024 and beyond What are the trends that are going to influence the #logisticsindustry in 2024? We look at everything from #nearshoring, the rise of #eCommerce, the influence of the latest #technology and the drive to create more #sustainablesupplychains. ➡️https://lnkd.in/d5n4duwY #CEVALogistics
Key trends to look out for in the coming months 💡
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It takes time and experience to become a master in your field. That is why Zebra has some of the best technologies for creating effective and efficient supply chains. #Tech #Superior #SupplyChain #ZebraPartner https://hubs.la/Q02lNh2S0
Improving Supply Chain Operations with Superior Industry Collaboration
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I lead a dynamic team revolutionizing logistics through cutting-edge technology. Our mission: modernize operations and conquer intricate challenges head-on.
🔄 𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐚𝐬𝐭: 𝐑𝐞𝐯𝐞𝐫𝐬𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐓𝐢𝐦𝐞 🌐 Join me on a quick trip into the history of reverse logistics! 🚚 From managing product returns in ancient commerce to today's pivotal role in sustainability, reverse logistics has quietly shaped supply chains. 📦 𝐁𝐚𝐜𝐤 𝐭𝐨 𝐎𝐫𝐢𝐠𝐢𝐧𝐬: In the pre-digital era, merchants strategized returns and recycling to minimize waste and maximize value. 🌍 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐡𝐢𝐟𝐭: With global trade, innovative solutions emerged for handling returns across vast distances, laying the foundation for modern reverse logistics. 📈 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐠𝐞: Now, in the digital age, e-commerce giants leverage tech to streamline returns, reduce environmental impact, and recapture value. 🌱 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐅𝐨𝐜𝐮𝐬: Today, reverse logistics is key to achieving sustainability goals, from remanufacturing to responsible product disposal. 🚀 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: As we forge ahead into a future of innovation and sustainability, the history of reverse logistics guides us to build resilient and responsible supply chains. Your thoughts on the historical roots of reverse logistics? Let's chat! #ReverseLogistics #SupplyChainHistory #Sustainability
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Strategic Sales Leadership | Driving Regional Initiatives to Success | Team Management Expert
🚚 Exciting Logistics Trends! 🌍 Nearshoring and Mexico's rise as a top U.S. trade partner highlight supply chain shifts. The automotive industry is rebounding, with a focus on electric vehicles and battery recycling. eCommerce sales are soaring, driving digitalization and last-mile delivery enhancements. Industry 4.0 revolutionizes manufacturing, while sustainability takes center stage with COP 28's shipping agreement. CEVA leads in low-carbon solutions, shaping a greener future. Discover more insights: #CEVALogistics #LogisticsOptimization #SupplyChainSolutions
💡#CEVAInsights Trend watch: 2024 and beyond What are the trends that are going to influence the #logisticsindustry in 2024? We look at everything from #nearshoring, the rise of #eCommerce, the influence of the latest #technology and the drive to create more #sustainablesupplychains. ➡️https://lnkd.in/d5n4duwY #CEVALogistics
Key trends to look out for in the coming months 💡
cevalogistics.com
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We did some interesting first-party research late last year. I’ll link the report below if you want more context, but here are some of our findings. The drive for efficiency and sustainability is reshaping the way businesses manage logistics for oversized items. A prominent theme emerging is the desire for digitization and automation. Retailers are turning to AI and digital tools to streamline processes, aiming to improve end-to-end visibility, enhance quality checks, and optimize fleet scheduling. The goal is clear: to address the manual inefficiencies and lack of transparency that currently lead to higher costs and inventory management challenges. Another critical area of focus is the physical handling of goods. The industry is buzzing with discussions on better packaging practices, the adoption of reusable packaging, and the importance of improved onsite product assessment. These improvements are not just about sustainability; they're also strategic moves to manage warehouse space more effectively. By reducing the volume of returned goods and their impact on storage, businesses can operate more efficiently. C-level executives are voicing their concerns and aspirations. For instance, a sporting goods company executive highlights the potential of reusable packaging as an effective future change. Cost management remains a significant concern across the board. The need for improved pricing, cost-effective packaging solutions, and conditions under which reverse logistics is chargeable reflects the industry's struggle with the expenses associated with managing returns for bulky items. Beyond logistical efficiencies, there's a growing emphasis on improving the buying experience. This proactive approach aims to minimize the need for reverse logistics, addressing the high costs and operational challenges associated with handling returns and resales of oversized items. An automotive company's department head sums it up: "Our focus is now shifted to improve the buying experience and accuracy to maximize reverse logistics reduction because of its cost and sustainability impact." These insights underscore the retail industry's concerted efforts to navigate the complexities of logistics for oversized items. By embracing digital transformation, refining physical handling practices, and prioritizing customer experience, businesses are striving to manage the process from sale to potential return and resale more effectively and affordably, all while maintaining visibility and control. What are some ways you’re trying to get ahead of these challenges? #Returns #Logistics #Sustainability #Retail
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How do high-tech consumer retailers, manufacturers, and OEMs handle returned electronic devices? • 𝗗𝗶𝘀𝗽𝗼𝘀𝗲 𝗼𝗿 𝗥𝗲𝗰𝘆𝗰𝗹𝗲: 53.3% partner with accredited recyclers to ensure environmentally responsible disposal or recycling of devices. • 𝗝𝗼𝗯𝗯𝗶𝗻𝗴/𝗔𝘂𝗰𝘁𝗶𝗼𝗻 𝗦𝗮𝗹𝗲𝘀: 25% adopt bulk sales strategies, utilizing auctions to offload mixed pallets of electronics. • 𝗢𝘂𝘁𝘀𝗼𝘂𝗿𝗰𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻: 41.7% rely on external partners for comprehensive management of reverse logistics, from returns to reselling. • 𝗜𝗻-𝗵𝗼𝘂𝘀𝗲 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴: 41.7% manage returns internally without a system for reselling or repurposing, focusing on control and oversight. • 𝗜𝗻-𝗵𝗼𝘂𝘀𝗲 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 & 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲: 53.3% not only process returns in-house but also have mechanisms for reselling or repurposing, adding value back into the ecosystem. • 𝗣𝗲𝗿𝗶𝗼𝗱𝗶𝗰 𝗥𝗲𝘃𝗶𝗲𝘄 & 𝗦𝗲𝗹𝗹-𝗼𝗳𝗳: 28.3% store returns and sell them in batches, periodically reviewing this strategy for effectiveness. 🔎 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: The diverse strategies underscore a dedication to sustainability and value recovery, balancing internal control with the agility of external partnerships. This adaptability is key to meeting sustainability goals and maximizing value from returns, proving the vital role of reverse logistics in the high-tech sector. ✅𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • Sustainability & Value Recovery: The focus on eco-friendly disposal and recommerce highlight the sustainability efforts. • Balancing Resources: The mix of in-house and outsourced solutions showcases strategic resource management. • Customized Strategies: Tailored approaches indicate organizations adapt their reverse logistics to specific needs. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗙𝗼𝗿𝘄𝗮𝗿𝗱: - A holistic strategy integrating recycling, recommerce, and outsourcing can enhance reverse logistics. - Continuous refinement of these processes will boost efficiency and satisfaction. - Embracing tech innovations can optimize returns handling, particularly in refurbishing and tracking. 👉 Ingram Micro Lifecycle transforms reverse logistics challenges into opportunities for sustainability and value recovery, offering tailored solutions that streamline returns, enhance efficiency, and drive economic benefits for high-tech consumer retailers, manufacturers, and OEMs. Leverage our global expertise to optimize your returns process and achieve your sustainability goals. #reverselogistics #sustainability #technologyinnovation #TechReturnsReCommerce #circulareconomy Research HQ
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DC Head at ECOM Express || E-commerce || Logistics || B2C || B2B || First Mile || Last Mile || Reverse Logistics || Operations excellence || SAP || Six Sigma Green belt || Mechanical Engineer.
"Excited to witness the evolution of modern logistics firsthand! With advancements in technology and innovative strategies, we're revolutionizing supply chain management. From AI-powered forecasting to sustainable practices, we're shaping a more efficient, resilient, and eco-friendly future. Let's collaborate and drive positive change together! #Logistics #SupplyChain #Innovation #EcomExpress"
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Embrace innovation and stay informed to navigate the future of logistics successfully! 🚢 Explore the world of shipping and supply chains, from the latest trends to futuristic tech. Whether you're a novice or a pro, join us to stay ahead of the curve! Subscribe and stay tuned for our latest videos! https://loom.ly/LpuSR7E #Ecommerce #Logistics #EcommerceEvolution #LogisticsLegends #DigitalCommerce #AmazonEffect #OmniChannelRetail #FutureofEcommerce #InnovationinLogistics #TechnologyinEcommerce
