Do you know how to reduce product damage? Don’t ignore this simple approach. This simple method can achieve the goal of reducing product damage. Knowing this simple method, your product damage can be greatly reduced. Below, we can look at it concretely.
According to the consumer electronics Association, it has a huge size and a high annual sales volume for the consumer electronics industry, which could be as much as $200 billion.
For some industries, however, their profits have disappeared. Why do you say that? Because a lot of waste is generated, profits in many industries disappear.
According to a report by On Process technology, do you know how much each year the consumer returns? About 15%, or $30 billion, of consumer electronics. Do you know what it is? This is the result of product setbacks or buyer’s remorse.
If retailers and manufacturers want to make up for this mess, they can offset some of the damage. At the same time, half of the loss can be recouped. By refurbishing returned products, they can achieve the purpose of reselling products to secondary market customers. So, we can see that offsetting some of the losses is very important.
Do you know what’s going to happen when the product comes from the manufacturing point to the point of sale? As a matter of fact, we can see that the product return problem appears. We have a lot of experience in the industry of non-selling consumer products, and we have a lot of experience ourselves, so I know a lot of things. The proportion of resold goods is also high, which accounts for 1% of all shipments, which may not sound very high, but it is $2 billion in consumer electronics. We all know that the industry can hardly change the way consumers buy returns, even though, but part of their own internal processes can be changed by them.