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In 2022, the Reverse Logistics Market reached USD 730.29 billion, which is expected to reach USD 1498.42 billion by 2030 and grow at a CAGR of 9.4 % over the forecast period.
Rather than get reshelved, many returned items enter the booming “reverse supply chain” market, where liquidators sell off unwanted items by the pallet.
Most returned items end up in a landfill.
The return rate for online orders is nearly double that of in person shopping, according to the National Retail Foundation.
Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The