In the electronics and R&D engineering industries, product obsolescence is a central part of the business. The need to create new products is essential for staying ahead of competition. Product innovation is often facilitated by process innovation, which means that as demand for new product features and designs grows, certain... read more →
Returned goods present significant challenges for OEMs and the retailers that sell their products. Although generous return policies may bring customers to the door initially, they can also leave stores and manufacturers with the tall task of managing increasingly large quantities of returns. Reference for Business estimates that the total... read more →
Every retailer and consumer brand has surplus, including returned goods, overstock inventory, and other items no longer required. These items can range from tablets and TVs to apparel and even store fixtures no longer needed. The reverse supply chain describes the process of managing these assets, and it is a... read more →
In a recent article by TruckInfo, statistics showed that there are over 15.5 million trucks available to operate across the country, but only about 3.5 million drivers are employed and driving, with one in nine working independently. The result of the driver shortage is that surplus trucks are taking up space in... read more →
Liquidity Services’ quarterly survey research continues to unearth valuable information about buyers of your surplus. Last quarter’s research – which surveyed nearly 2,500 surplus buyers across all major industries – found that buyers are highly motivated to reduce risk in their surplus purchases. According to our findings, your organization can... read more →
The biopharmaceuticals industry is in a constant state of flux as a result of the frequency of innovations in this sector, and companies need to keep pace with these changes if they want to stay competitive and grow their businesses. One way firms are keeping up with the industry and... read more →
I was recently interviewed on Jack Sweeney's Middle Market Executive podcast, which features middle-market business leaders contributing our stories, lessons learned, challenges and wins. During the interview, I had the opportunity to share my thoughts on a variety of topics ranging from my basic toolkit for leadership, to the growth of... read more →
This spring, Liquidity Services attended the Institute of Scrap Recycling Industries (ISRI) Convention in Vancouver, Canada. As one of the largest gatherings for recycling professionals in the world, the convention covered topics including protection from identity theft, the future of copper scrap, and safety in scrap and recycling. We had... read more →
The market for refurbished consumer electronics is much larger than you might think, with some experts estimating it at between $4 to 6 billion (source: Quora). Leading retailers and OEMs are realizing that the refurbished market is an opportunity to turn their used and returned smartphones, tablets, and laptops into... read more →
Pressure from regulatory bodies and consumers alike is forcing businesses to take the lead in environmental stewardship, but promoting sustainability isn't just a marketing tactic. Several studies have shown that in addition to preserving and improving the environment, sustainability directly contributes to the bottom line. Research from Cone Communications found... read more →