Are you failing to accommodate recommerce into your business model? Not taking advantage of recommerce can lose sustainability and growth opportunities.
Ingram Micro Lifecycle operates returns management, recovery, and recommerce processes for global businesses. Through these solutions, we recover the greatest value from returned technology products.
This piece demonstrates how integrating recommerce boosts profitability and lowers environmental impacts.
Ecommerce vs recommerce
There are clear differences between ecommerce and recommerce, though both are sales processes. Ecommerce primarily deals with brand new products whereas recommerce is used to recover value on returns or second-life products. Due to the nature of the products they involve, the target market is different between the two. Recommerce enables a circular economy. Purchasing brand-new products is associated with a linear economy. Thus, recommerce has more sustainability benefits.
Why recommerce matters
Recommerce isn’t just about the resale of previously-owned products. It’s about smarter resource use and sustainability. Integrating recommerce into your business enables higher profitability and sustainability compliance.
Additional revenue
Product returns are an inevitable part of sales. These form an ongoing supply of products that can be resold. Monetizing the returns can become a new revenue stream for your business. The product returns don’t need to sit in storage or become waste.
Reduces e-waste
Used or returned products risk becoming e-waste if not utilized for the secondary market. E-waste breaks down in landfills and is hazardous to the environment. By reusing whole products or as many usable parts of products as possible, you decrease waste and the consumption of raw materials. You increase the sustainability performance which can be reported to stakeholders.
Satisfies consumer demand
Demand for technology that’s cost-effective and eco-friendly is increasing. These buyers don’t want or need brand-new products. The secondary market targets those customers and presents your offering to a wider audience.
Closes the loop
Recommerce optimizes your reverse logistics and moves away from the take-make-use linear economy. Your product returns have an onward movement that recovers value and reduces waste.
Boost your recommerce success
Recommerce meets a rising need in the market, both for consumers and buyers looking for specific products and businesses with products suitable for secondary use. Now is the time to rethink your approach to product lifecycle management.
Ingram Micro Lifecycle works with customers to enable recommerce success. Our returns management solutions ensure efficient handling of returns to minimize depreciation. Technical invasive and non-invasive repair and refurbishment tactics restore value, maximizing the potential for value recovery on our global recommerce channels.
Contact us today to discuss how we can support introducing or optimizing recommerce for your business.
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