Hey everyone!
Have you ever thought about the impact of returns on the environment? Did you know that every year, $400 billion worth of products are returned in the US alone? That's a huge amount of waste, and it's not just bad for the planet - it's also expensive for retailers. In fact, 30% of all online purchases in the US are returned, which can really add up.
But there is a solution: Frate. Frate is a startup on a mission to "reinvent returns for the betterment of the planet." How do they plan to do that? With their platform, EcoDrop.
EcoDrop allows retailers to ship returns directly from one customer to another, rather than back to the retailer. This means that returned items can be quickly resold and put back into the lifecycle, rather than being held in warehouses or discarded. Not only is this more cost-effective for retailers, but it also reduces waste and emissions. Frate claims that on average, it can boost retailers' revenue by 39% and reduce CO2 emissions by 36% per order.
So next time you shop online, consider supporting companies like Frate, which are working to make the process more sustainable. Every small choice we make can make a big difference for the planet. Thank you for watching, and don't forget to wake up to the impact of returns!
