"Since dumping product can be written off as the cost of doing business in profit and loss statements, companies don't invest in a complex reverse supply chain or inspect items for potential resale value. But recommerce site Rebel just raised a $25 million series B round to fuel its work building a resale network for retailers-and the software to power it."
"At Rebel's 300,000-square-foot warehouse in Kannapolis, North Carolina, the company processes more than 70,000 unique products a week-enough inventory that its website adds new deals every 15 minutes. To process that volume of returns, Hosie built a new technology and logistics stack. Using AI, Rebel can detect, log, and tag the condition of each return, and determine the most efficient way to receive it from retailers and ship it to consumers."
Americans return 8.4 billion pounds of products to online sellers annually, and roughly 17% of inventory consists of returns, many sent to landfills regardless of condition. Dumping returned goods can be written off as a business expense, discouraging retailer investment in reverse logistics and inspection. Rebel secured a $25 million Series B to build a resale network and software for retailers, following an $18 million Series A. Founder Emily Hosie launched Rebel to sell written-off products at 40–70% discounts. Rebel operates a 300,000-square-foot Kannapolis warehouse processing over 70,000 unique products weekly and uses AI to inspect, tag, and route returns for resale.
Read at Fast Company
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