Media Coverage
SmartCompany; June 3, 2024
Author: Paul Zahra, CEO Australian Retailers Association
In today’s fast-paced world, amidst a cost of living crunch and a concern for the environment, there’s an increasing appetite to repair, reuse, and recycle our cherished belongings – from clothes, homewares and electronics, furniture, and everything in between.
According to Roy Morgan, 12.2 million Australians are buying second-hand items and 9.3 million are selling items online instead of sending them to landfill. This is part of a global phenomenon called recommerce which, coupled with government legislation is fast becoming a fully-fledged part of retailers’ business models.
Every year in Australia, $2.5 billion of unsold household goods are wasted and sent to landfill. It’s a daunting statistic but presents significant opportunity.
We must move towards a model where these goods are automatically re-sold and re-used or donated to charities.
The Australian Retailers Association has partnered with Good360 Australia to support this, with Good360 so far connecting 40 million goods to people in need and injecting $436 million worth of unsold goods into the circular economy.
Check out the full article over at SmartCompany.
