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Laurie Barkman SVP, GENCO Marketplace
ReCommerce – A Sustainable and Profitable Way to Pursue Reverse Logistics Laurie Barkman SVP, GENCO Marketplace
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GENCO Marketplace America’s Largest Wholesaler of Retailer Returns
10 FACILITIES $2.5B SINCE 1992 P R O D U C T LIQUIDATED ANNUALLY US & CANADA Multi-Channel Buyers & Sales Platforms Provides ReCommerce services for 10 of the Top 25 Retailers Technology Consumer Industrial Retail
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Source: Rampant Returns Plague E-Retailers, WSJ Dec. 2013
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1 2 Sources: 1 Statistica, US retail e-commerce , Feb. 2015; 2 National Retail Federation, 2014 Returns Survey, Dec. 2014
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More than 50% of Fortune Global 500 companies publish sustainability reports.
The idea that sustainability reports may offer a more accurate picture of a company’s long-term value-creation potential than traditional financial statements is gaining momentum. A 2012 study by the Governance & Accountability Institute, Inc. (G&A) found that 53% of S&P 500 companies were issuing sustainability reports — more than double the number of companies reporting in the previous year (19%). Among Fortune 500 companies, sustainability reporting increased from 20% to 57% over the same time period. Companies that provide sustainability information to investors, customers, suppliers and government agencies typically realize significant benefits and competitive advantages. This is particularly true when sustainability information is combined with financial data into an integrated report. What is a Sustainability Report? According to the Global Reporting Initiative (GRI), a sustainability report is “a report published by a company or organization about the economic, environmental and social impacts caused by its everyday activities.” The report also “presents the organization’s values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.” Some form of sustainability reporting is now required or strongly encouraged in several countries, either by law or by securities exchange rules. Sustainability reports aren’t mandatory in the United States, but public companies increasingly are required to include sustainability disclosures in their financial reports. For example, over the last few years the SEC has provided guidance regarding disclosure of climate change impacts and the use of “conflict minerals.” Source: 2012 Governance & Accountability Institute, Inc.
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ReCommerce “waterfall”
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ReCommerce Reverse Commerce Process of dispositioning inventory to minimize total cost of handling and maximize value recovery and landfill avoidance.
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ReCommerce Panelists Chuck Johnston Brian Plott Glen Ramsdell
The Home Depot, Director of Reverse Logistics Brian Plott Best Buy, Director of Inventory Optimization & Channel Management Glen Ramsdell Amazon Warehouse Deals, Director
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Define ReCommerce Measure Success People, Process, Tools Look Ahead
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Define ReCommerce Measure Success People, Process, Tools Look Ahead
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Define ReCommerce Measure Success People, Process, Tools Look Ahead
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Define ReCommerce Measure Success People, Process, Tools Look Ahead
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Define ReCommerce Measure Success People, Process, Tools Look Ahead
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Q&A
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Thank you /lauriebarkman
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