SEKO Logistics is to be the launch partner for recommerce specialist RMX Recommerce to help retail brands reduce their carbon footprints, understand the true cost of returns, and provide new in-country resale channels to bring down the estimated $100 billion a year cost of cross-border returns.
The RMX Recommerce solution uses technology to help brands better understand the potential in-country and in-region resale channels and aims to deal with the return rates of up to 30% faced by cross-border sellers.
“Recommerce is growing 21x faster than traditional retail, showing a clear demand for these types of products,” said Ben Whitaker, RMX Recommerce CEO. “By negating the need to ship returns back to base, it makes perfect sense for global brands with a ‘net zero’ retail agenda.”
He said that the solutions help reduce international freight charges, cut cycle and storage times – often by weeks – and lower C0₂ emissions. “Just as importantly, we give sellers more control to re-sell the in-country returns through the most suitable, profitable, and brand-appropriate secondary market channels,” he said.
The partnership with SEKO gives Reconomx access to a global network of recommerce hubs and opens opportunities across multiple resale channels in prime cross-border retail markets such as Europe, North America, Australia and New Zealand. E
“Retail brands are working hard to embrace consumers’ sustainable mindsets and personal principles, and we anticipate a rapid acceleration of the ‘no returns’ principle over the next 3-5 years,” adds David Emerson, senior vice president, SEKO Ecommerce. “Working with RMX Recommerce means SEKO Logistics can begin these conversations with brands now and offer ready-to-go solutions for sellers ready to take this next step.”