Carly Greenberg
·January 17, 2024
In the world of retail and e-commerce, the customer experience doesn’t end at the point of sale. More than $816 billion worth of retail merchandise was returned in 2022, according to the National Retail Federation, making it an important area to focus on for retailers.
Returns and reverse logistics, though a natural part of the shopping journey, present a range of unique challenges for retailers due primarily to its associated complexities and costs. Inefficient returns processes and complex inventory management disrupt supply chains, resulting in delays and dissatisfied customers. The lack of visibility into return trends and processes makes it difficult for retailers to identify areas for improvement and make data-driven decisions. High costs associated with returns management impact the bottom line, reducing profitability.
However, reverse logistics is now getting a much-needed technology-forward makeover, thanks to the dynamic partnership between Fillogic and Loop Returns. This collaboration is poised to streamline and enhance the return process for brands and retailers, contributing to a circular, sustainable, and more profitable economy.
Fillogic, the leader in local market logistics, is transforming underutilized retail spaces into local logistics hubs. Their proprietary technology and operations transform retail centers and shopping malls into efficient, cost-effective, and sustainable middle-mile and reverse logistics platforms. The real innovation lies in their ability to optimize existing assets, such as stores, staff, and inventory.
Fillogic Hubs serve as a critical link for retailers, carriers, and mall owners, offering a centralized location for reverse logistics operations. The Hub staff takes on essential roles, including processing items, conducting quality assurance, and deciding whether products should be routed for resale, returned to vendors, or properly disposed of.
Fillogic’s technology provides a comprehensive view of returned products, tracking their journey from receipt through storage and re-fulfillment. This channel-free management of inventory allows for rapid, scalable growth, thanks to seamless integration with Fillogic’s nationwide logistics network.
Fillogic’s commitment to sustainable practices is not overlooked. They play an integral role in the reverse logistics infrastructure, promoting the recovery, resale, and sustainable recycling of products to establish a circular economy. By keeping valuable materials in circulation, reducing waste, and delivering financial benefits to their clients, Fillogic demonstrates their dedication to creating a greener and more profitable supply chain.
Loop Returns, an automated returns management portal, stands as a champion of customer convenience and retailer sustainability. Their primary focus is making the returns and exchanges process more customer-centric while also being profitable and sustainable for retailers. Loop Returns excels in optimizing the return process and encourages exchanges, ultimately saving time and money for retailers at every step of the returns journey.
The partnership between Fillogic and Loop Returns marks a pivotal moment in the evolution of reverse logistics. It will leverage the combination of Loop Returns front-end return management solution and Fillogic’s proprietary, state-of-the-art sorting, grading, and segmentation technology to help retailers and brands create a more circular, sustainable, and profitable returns process.
With this integration, customers can expect a host of benefits:
The collaboration between Fillogic and Loop Returns signifies a significant step forward in revolutionizing reverse logistics, promoting greater visibility, sustainability, profitability, and a superior customer experience within the industry.
Brands and retailers can look forward to a future where the return process is not just efficient but also aligned with environmentally conscious practices. This technology-forward approach is transforming the way we think about reverse logistics, ensuring it becomes a win-win situation for both retailers and customers alike.
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With Loop, your brand can offer everything from refunds to direct exchanges to shopper incentives and more. Even better? These exchanges build your business.