The supply chain. We’ve all heard the phrase, but what does it mean exactly? A supply chain is most often thought of as the process of moving goods from the manufacturer to the retailer and then on to consumers. In the consumer electronics market, as with other industries, this involves the processes of creating, packaging, storing, transporting and ultimately selling the product.
ReCommerce is the latest tool in the arsenals of manufacturers and retailers across a multitude of industries but is most prevalent in the consumer electronics market. It has become a near necessity in terms of retaining current customers and luring in new prospects. As consumer demand for the next best thing increases, so does the need to deal with old, outdated electronics.
Keeping up with tech is tough. Enough new consumer electronics hit the market each year that, when considering the choices, you ask, “Isn’t there an app for this?” You’re not alone in your confusion. Like most other consumers, you’re in a race to stay up on new product releases. And you’re losing—losing time, losing money. Good thing, then, that recommerce is here. It may not be an app, but it’s a solution. It’s changing the way business is done. Recommerce flips the script on your relationship to tech by helping you get money for old devices for purchase toward new. Think of it as trading up or trading in.