CORDIS Project
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BuyBay is developing a data-driven platform to optimize the management and resale of returned e-commerce products. By improving pricing strategies and inventory connections, it aims to enhance value recovery and reduce environmental impact from product disposals.
The European e-commerce market amounts to ~80 million purchases per day.
About 15% of purchased products do not live up to consumers’ expectations and are returned to the vendor.
Whether in perfect condition or not, their status as returned product makes items suddenly worth a lot less.
What a waste!
Not only to e-tailers, who typically lose +80% of the value of returned products, but also to the environment, which is impacted by 4 billion pounds of disposed products and 11 million metric tons o…
BUYBAY BV
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