How-To: Shop Sustainably
Join the Sustainable Shopping Movement with BidFTA Online Auctions
As the US e-commerce industry grows, so does the volume of returned consumer goods, leading to overproduction and inventory liquidation. In 2021, Coresight Research calculated that, on average, 21% of all purchased e-commerce items are returned, contributing to a staggering 5.8 billion pounds of landfill waste annually. With the increasing awareness of environmental issues, there has been a significant push to adopt more sustainable shopping practices. One effective solution to this growing problem is reverse logistics.
Reverse Logistics: A Sustainable Solution
Reverse logistics is simpler than it sounds. It's all about giving products another chance to be used and enjoyed. According to Precedence Research, the reverse logistics market is projected to grow from $1 billion USD in 2023 to over $3 billion USD by 2032. That’s a lot of returned goods finding new homes instead of ending up in landfills. This approach reduces waste and provides shoppers with high-quality items at lower prices.
The Impact of Customer Returns
Shopify found that the average return rate ranges from 20% to 30%, depending on the industry. A 2019 survey from Loop Returns revealed that 41% of online shoppers had returned a non-defective electronics product within the previous 12 months. Of these returns, 61% occurred soon after purchase due to frustration or confusion with installation or usage. We can significantly reduce the waste generated by redirecting these returns through reverse logistics.
BidFTA Online Auctions: Leading the Way in Sustainable Shopping
At BidFTA Online Auctions, we currently process and sell over 312 million pounds of product annually, making a significant dent in the estimated 5.8 billion pounds of returns sent to landfills yearly. Tony, the regional manager for BidFTA Online Auctions, shares his enthusiasm about BidFTA and the push towards sustainable shopping: "We're thrilled that so many shoppers are taking the cost-effective and sustainable approach to getting the same great items they need. We are constantly growing and looking for new locations and opportunities to provide these items to our communities."
Join the Movement Towards Conscious Shopping
Budget-conscious and environmentally aware shoppers are on the rise in the United States, eager to explore the reverse logistics market. BidFTA Online Auctions continuously expands and innovates to offer fantastic deals and promote sustainable shopping habits.
As spring brings a sense of renewal, consider adopting eco-friendly shopping habits with BidFTA Online Auctions to refresh your home. It's more than just spring cleaning – it's about making wise, sustainable choices that benefit your finances and the planet. BidFTA Online Auctions is your destination for finding what you need in an eco-friendly and economical way. Join the movement towards conscious shopping and check out BidFTA Online Auctions to dive into a world of great deals that are kind to your wallet and our planet.
