Media Coverage
Retail Fest AUS; February 14, 2024
Does your retail business have excess inventory sitting idle in warehouses or on store shelves? Do you want to help the community in which you work and live, but have limited time and resources? Do you care about helping people and our planet, but don’t know where to start or how to measure your impact? These are all challenges facing the retail industry today, alongside growing discussion about the much-needed shift towards a more circular economy.
In Australia, we know that a staggering $2.5 billion of unsold household goods are wasted every year. This insight comes from a report by Deloitte Access Economics commissioned by Good360 Australia to quantify annual surplus inventory across the Australian retail sector. It includes all household consumer product categories (except food), with a further 1 in 5 items purchased online estimated to result in a customer return.
At the same time, 1 in 8 Australians are living below the poverty line according to the 2023 Poverty In Australia Report, with the cost-of-living crisis placing increasing pressure on people already struggling, and even more people finding it hard to get by.
Good360 provides a smart, simple solution to your surplus inventory challenges across all consumer product categories (except food). We help hundreds of retailers connect their surplus goods to thousands of charities and disadvantaged schools right across the country, helping millions of Aussies in need and redirecting thousands of tonnes of goods that may otherwise go to waste.
Check out the full article over at Retail Fest AUS.
Read more about Good360’s work during the cost-of-living crisis here.
