Charles Cushing chatted with our Founder Allison Lee to shed more lights on 'most neglected pile' of inventory for brands. Even though that pile often contains the best SKU and Sizes, the lack of data and refurbishment capabilities means these items often end up in landfill. Learn more about how (Re)vive | B-Corp Certified can help maximize the productivity of your inventory, one item at a time.
Quiz time: Last year, US apparel companies discarded about $1B worth of inventory. How much of that inventory could have been profitably refurbished and resold? A) 5% B) 50% C) 95% If you guessed C, you are correct. When Allison Lee shared that stat with me, it blew my mind. But she's got the data to prove it. Her company, (Re)vive | B-Corp Certified, is in the business of bringing "unsellable" inventory back to life. In this week's episode of Blue Ocean, we go deep into the murky world of clothing recycling, inventory write-offs, and deadstock. A few of the topics we cover: — The crazy math behind damaged goods — Why most brands under-recover the value of their returns — Revive’s unique process for refurbishing returned inventory — The shifting regulatory and cultural landscape around material disposal I left this episode feeling grateful that we have people like Allison working on this enormous problem. Hear her full story here: https://lnkd.in/e3x-hK6N