New Amazon FBA programs give unsold inventory new life
Amazon has introduced “FBA Liquidations” and “FBA Grade and Resell” programs to help merchants resell customer-returned or overstocked items.
Once fully implemented, the programs are expected to save more than 300 million products from the landfill each year by giving them subsequent lives, reports Retail touchpoints.
“FBA Liquidations” will provide the option to use Amazon’s existing wholesale liquidation partners and technology to recoup potential losses on returned and overstock inventory. The program is currently live in the U.S., Germany, France, Italy and Spain, and will go live in the UK in the near future.
“FBA Grade and Resell” gives third-party sellers the tools to sell returned products on Amazon as “used” items. Amazon will evaluate the item and mark it as “Used – Like New”, “Used – Very Good”, “Used – Good” or “Used – Acceptable”. Merchants can then set the price for items based on their condition and manage pricing, advertising and sales using their existing processes.
FBA Grade and Resell is currently available in the UK and will expand to the U.S. by the end of 2021. Amazon sellers in Germany, France, Italy and Spain will have access to the program by early 2022.
These programs come less than two months after British broadcaster ITV reported that Amazon is destroying millions of items of unsold stock at one of its 24 U.K. warehouses every year, including smart TVs, laptops, drones and hairdryers, notes CNBC.
The online giant was sharply criticized by U.K. lawmakers and environmental campaigners at the time and Prime Minister Boris Johnson pledged to look into the allegations.
More Amazon news
A shift in China’s COVID-19 policy remains a distant prospect Shanghai is easing its two-week lockdown, but most of its businesses still are closed. The redirection of goods is becoming more difficult and expensive as cargo facilities in other Chinese cities are now...
Bloomberg reports that Amazon is working on a product that that will let retailers run independent stores. The project hasn’t been announced officially yet, but former company executives told Bloomberg, that Amazon has been working on it since late 2017 and could...
Customs and shipping companies working schedule during the New Year Important information for more accurate forecasting of cargo processing speed in the US and Canada during the New Year holidays. Please note that Customs and shipping companies will not work during...