In 2012, there were 1.6 billion cell phones manufactured. These 16 billions phones were packed with arsenic, lead, and polybrominated flame retardants. Today there are even more cell phones being manufactured, and they’re threatening the health of the earth. (more…)
Recommerce, in theory, is a wonderful concept. By offering buyback opportunities for customers looking to get rid of old smartphones, you take advantage of a market opportunity while also engaging in environmental responsibility. Meanwhile, selling those devices allows you to enter emerging markets at little cost. (more…)
According to a 2014 Aberdeen Group study, the average manufacturer will spend 9% to 15% of total revenue on returns. The study also found that those organizations which are the top performers in utilizing reverse logistics are 74% more likely to have established marketing and channels for refurbished or recycled parts to drive revenues. In industries ranging from cell phones to carpets, a growing number of manufacturers are now utilizing reverse supply chains as an essential part of their business. For these organizations, there is not only a cost benefit, but also an environmental benefit.
The consumer electronics industry is a booming business all over the world, and nowhere is this more apparant than in the United States. Smartphones, tablets, and other mobile devices have become the must-have status symbols of a new generation of technology-hungry consumers. However, these products have short life cycles and consumers are often quick to jump at the opportunity to upgrade. But unwanted consumer electronics are not worthless–in fact, there’s a fortune to be made from them by using reverse logistics tactics.
Reverse logistics is fast becoming the hottest trend in the business world. The popularity of the field is reflected in the fact that universities have picked up on it. Undergraduate and graduate programs are available at the American Military University and the affiliated American Public University. University programs in logistics place a special emphasis on this new aspect—and with good reason.
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.