{"id":11117,"date":"2022-01-11T20:17:52","date_gmt":"2022-01-11T20:17:52","guid":{"rendered":"https:\/\/www.smithcorona.com\/blog\/?p=11117"},"modified":"2022-10-03T18:08:02","modified_gmt":"2022-10-03T18:08:02","slug":"reverse-supply-chain-post-holiday-retail-rush","status":"publish","type":"post","link":"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/","title":{"rendered":"Point of No Return: The Reverse Supply Chain &amp; Post-Holiday Retail Rush"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p><a href=\"https:\/\/www.modernretail.co\/retailers\/how-retailers-are-handling-the-record-number-of-post-holiday-returns\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">$114 billion<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; that\u2019s the amount in returns retailers can expect to see after the holidays.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Business\u2019 profits always take a hit from returns &#8211; this isn\u2019t new. But those returns are estimated to be <\/span><b>$14 billion<\/b><span style=\"font-weight: 400;\"> higher than last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is thanks to a combination of unique conditions elevating costs: Consumers fearfully overbuying. <\/span><a href=\"https:\/\/www.smithcorona.com\/label-supply-chain-crisis.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Supply chain disruptions<\/span><\/a><span style=\"font-weight: 400;\"> stalling deliveries. Minimal workers handling the onslaught.\u00a0<\/span><\/p>\n<\/div>\n            <div class=\"smith-corona-featured-image\">\n\n                <img src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/09\/reverse-logistics-article-hero-splash.png\" alt=\"\" width=\"760\" height=\"460\" \/>\n\n            <\/div>\n        <div class=\"fusion-text fusion-text-2\"><p><span style=\"font-weight: 400;\">Now those circumstances are creating a new challenge in one key industry: the reverse supply chain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As shoppers continue to return unwanted holiday gifts, it will become apparent how much the record number of post-holiday returns are affecting retailers&#8217; profits. <\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-1{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-1{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\"><b>What is the Reverse Supply Chain?<\/b><\/h3><\/div><div class=\"fusion-text fusion-text-3\"><p><span style=\"font-weight: 400;\">We know the supply chain process &#8211; goods moving from businesses to consumers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reverse supply chain is, well, the reverse.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s returning the ugly sweater your grandma bought you from Kohl\u2019s for a refund.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Used products travel from consumers and are reprocessed to recover any leftover market value or dispose of them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Returns not only affect losses if a business cannot re-shelve the item, but distribution, storage and labor costs also eat away at profits. <\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-2{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-2{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\"><b>How Business Bottom Lines Are Suffering<\/b><\/h3><\/div><div class=\"fusion-text fusion-text-4\"><p><span style=\"font-weight: 400;\">According to data from Optoro, <\/span><a href=\"https:\/\/www.cnn.com\/2021\/12\/29\/business\/holiday-return-costs-2021\/index.html\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">two out of three shoppers<\/span><\/a><span style=\"font-weight: 400;\"> will likely return at least one gift during the holiday season.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And this year returns will cost retailers more than ever to process &#8211; $33 of the price of a $50 item.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More items returned means retailers must weigh options on how to recover costs. But the current market is costing them more than ever.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-3{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-3{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-3{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Online Orders on the Rise<\/b><\/h4><\/div><div class=\"fusion-text fusion-text-5\"><p><a href=\"https:\/\/www.invespcro.com\/blog\/ecommerce-product-return-rate-statistics\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">According to Invesp<\/span><\/a><span style=\"font-weight: 400;\">, 2021 online returns were 3 times higher than those at brick-and-mortar stores.<\/span><\/p>\n<p><a href=\"https:\/\/nrf.com\/media-center\/press-releases\/nrf-predicts-highest-holiday-retail-sales-record\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Online sales rose 13%<\/span><\/a><span style=\"font-weight: 400;\"> to more than $222 billion during November and December alone, the National Retail Federation (NRF) estimated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the holiday shopping season typically starts mid-November, some retailers began <\/span><a href=\"https:\/\/www.vox.com\/the-goods\/22725031\/buying-less-supply-chain-holiday-shopping\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">sales as early as September<\/span><\/a><span style=\"font-weight: 400;\">. This only aided in the influx of orders and resulted in ramping up consumer concern over product availability.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But with a rise in sales comes a rise in returns.<\/span> <span style=\"font-weight: 400;\">And around <strong>$67 billion<\/strong> of those online sales will become returns.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-3{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-3 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-4{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-4{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-4{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Shoppers Excessive Behavior<\/b><\/h4><\/div><div class=\"fusion-text fusion-text-6\"><p><span style=\"font-weight: 400;\">Prompted by fear, many consumers began shopping earlier and buying more for the holidays.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could be the reason e-commerce shopping saw <\/span><a href=\"https:\/\/blog.adobe.com\/en\/publish\/2021\/11\/09\/adobe-shoppers-have-seen-over-2-billion-out-of-stock-messages-online-october-2021\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">2 billion \u2018out of stock\u2019 messages<\/span><\/a><span style=\"font-weight: 400;\"> online in October alone, up <\/span><a href=\"https:\/\/footwearnews.com\/2021\/business\/retail\/holiday-retail-spending-forecast-adobe-shortages-stock-1203196425\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">172% from pre-pandemic January 2020<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A survey by McKinsey found that <\/span><a href=\"https:\/\/www.forbes.com\/sites\/laurendebter\/2021\/11\/22\/panic-in-the-aisles-holiday-shoppers-are-buying-early-hoarding-items\/?sh=5ddd9fd04761\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">45% of Americans started holiday shopping in early October<\/span><\/a><span style=\"font-weight: 400;\">, well before traditional season-time sales begin. Not only that, at least 1 in 5 shoppers ordered or purchased more gifts than necessary for fear of delays or cancellations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Shoppers that bought <\/span><b>10 of one item<\/b><span style=\"font-weight: 400;\"> will be <\/span><b>returning 9<\/b><span style=\"font-weight: 400;\"> post-holidays. These returns from overbuying will contribute to the flood of <\/span><a href=\"https:\/\/www.smithcorona.com\/blog\/a-2021-guide-to-holiday-returns\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">holiday returns<\/span><\/a><span style=\"font-weight: 400;\"> surging the reverse supply chain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And with delays in shipping from supply chain issues, this surge will push back the time it takes to process returns and place items back on already barren shelves.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-4{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-4 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-5{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-5{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-5{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Spike in Inventories<\/b><\/h4><\/div><div ><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img width=\"800\" height=\"419\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2-800x419.png\" alt class=\"img-responsive wp-image-11128\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2-200x105.png 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2-400x209.png 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2-600x314.png 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2-800x419.png 800w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/Reverse_Logistics_2.png 1200w\" sizes=\"(max-width: 1064px) 100vw, (max-width: 640px) 100vw, 800px\" \/><\/span><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-7\"><p><span style=\"font-weight: 400;\">As lead times extended further and further this year, retailers began ordering in earnest and earlier than normal.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big name brands all reported a <\/span><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2021-12-10\/holiday-shopping-rising-inventories-are-not-a-bullish-indicator\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">rise in inventories around Q3<\/span><\/a><span style=\"font-weight: 400;\"> more than the previous year:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Target &#8211; 17.7%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Walmart &#8211; 11.5%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Home Depot &#8211; 27.4%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Aimed to guarantee product availability to their customers, this plan to overstock could have huge ramifications for retailers if it backfires.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Delays in the supply chain, like cargo ships stuck in main ports waiting to dock, have left many items stranded and unable to reach retailers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the bottlenecks lessen, products will arrive too late for holiday sales.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Retailers will be left with few options: mark down items to sell for minimal profit or pack away merchandise for next year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Discounted items, while making some form of profit, still lose retailers money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Holding items until next season means spending money upfront to store them. However, the current demand for warehouse space is leaving companies scrambling to find storage. <\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-5{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-5 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-5{width:100% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-5{width:100% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-6{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-6{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-6{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Growing Demand for Storage Space<\/b><\/h4><\/div><div class=\"fusion-text fusion-text-8\"><p><span style=\"font-weight: 400;\">Fulfilling the spike in e-commerce activity was already raising the demand for more warehouse space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Industrial real estate demand expects to see a <\/span><a href=\"https:\/\/www.cnbc.com\/2021\/07\/01\/warehouse-demand-at-unprecedented-levels-in-cities-like-savannah-jll.html\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">61% surge<\/span><\/a><span style=\"font-weight: 400;\"> in Columbus, Ohio, a market where nearly half of the U.S. population is within a one-day drive. This is well over the 13.7% the previous year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, retailers are looking for temporary storage for the holiday surge to hold inventory. But the marketing is showing a huge disconnect between the supply of available spaces and ever-growing demand.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vacancy rates are at a 40-year low when retailers are in desperate need. And due to higher transportation costs, prices are up.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/therealdeal.com\/2021\/12\/06\/new-warehouse-leases-boosted-by-inflation-supply-chain-crisis\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Industrial property leases spiked 25%<\/span><\/a><span style=\"font-weight: 400;\"> on average when compared to five-year lease contracts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Businesses desperate for space will be shelling out more money for a few months of use versus what they would on a yearly lease. <\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-6{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-6 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-6{width:100% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-6{width:100% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-7{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-7{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-7{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Lengthy Return Process<\/b><\/h4><\/div><div class=\"fusion-text fusion-text-9\"><p><span style=\"font-weight: 400;\">The return process (reverse logistics) is much messier than the alternative (forward logistics).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead of one <\/span><a href=\"https:\/\/www.smithcorona.com\/shop-by-use\/shipping-labels.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">shipping label<\/span><\/a><span style=\"font-weight: 400;\"> used to get orders from the business to the consumer, returns take multiple trips through shipments and locations. They must be:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Received<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Inspected\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Sorted<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">All of these steps take extra time, labor, and possibly trips to other 3PLs to complete before the item gets back to the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And now, with the influx of a record breaking amount of returns combined with an all time labor shortage, the reverse supply chain process will take much longer.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Delays in returns processing also means a stall in refunds for consumers. The standard 3 to 5 business days for funds to process could extend to several weeks, causing further frustrations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adding together all of these costs is a key reason retailers are looking for <\/span><a href=\"https:\/\/www.businessinsider.com\/no-return-refunds-could-cost-retailers-4-billion-2022-1\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">less expensive solutions<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-7{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-7 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-7{width:100% !important;order : 0;}.fusion-builder-column-7 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-7{width:100% !important;order : 0;}.fusion-builder-column-7 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-8{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-9 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-8{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-8{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\"><b>How are Retailers Coping? <\/b><\/h3><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-8{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-8 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-8{width:100% !important;order : 0;}.fusion-builder-column-8 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-8{width:100% !important;order : 0;}.fusion-builder-column-8 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div ><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img width=\"300\" height=\"83\" title=\"ama2\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/ama2-300x83.png\" alt class=\"img-responsive wp-image-11166\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/ama2-200x55.png 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/ama2-400x111.png 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/ama2-600x166.png 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/ama2.png 800w\" sizes=\"(max-width: 1064px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-9{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-9 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 5.76%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 5.76%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-9{width:100% !important;order : 0;}.fusion-builder-column-9 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-9{width:100% !important;order : 0;}.fusion-builder-column-9 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:2px;margin-bottom:2px;width:100%;\"><\/div><div ><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none\"><img width=\"800\" height=\"200\" title=\"Walmart\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart-800x200.png\" alt class=\"img-responsive wp-image-7734\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart-200x50.png 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart-400x100.png 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart-600x150.png 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart-800x200.png 800w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2020\/11\/Walmart.png 1024w\" sizes=\"(max-width: 1064px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-10{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-10 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 5.76%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 5.76%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-10{width:100% !important;order : 0;}.fusion-builder-column-10 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-10{width:100% !important;order : 0;}.fusion-builder-column-10 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_3 1_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div ><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\"><img width=\"600\" height=\"181\" title=\"TGT-logo\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/TGT-logo-600x181.png\" alt class=\"img-responsive wp-image-11156\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/TGT-logo-200x60.png 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/TGT-logo-400x121.png 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/TGT-logo-600x181.png 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/01\/TGT-logo.png 784w\" sizes=\"(max-width: 1064px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-11{width:33.333333333333% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-11 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 5.76%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 5.76%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-11{width:100% !important;order : 0;}.fusion-builder-column-11 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-11{width:100% !important;order : 0;}.fusion-builder-column-11 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-10\"><p><span style=\"font-weight: 400;\">As mentioned, returns eat away at retailer\u2019s profits.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost alone removes much of the value of getting the item back, especially with cheaper items. Products must go through several channels on their journey through the reverse logistics process, and even then they may not be able to be resold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To bypass the trouble and price of returns with the current logistics issues, some major retail brands are taking temporary yet extreme solutions.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-12{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-12 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-12{width:100% !important;order : 0;}.fusion-builder-column-12 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-12{width:100% !important;order : 0;}.fusion-builder-column-12 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-9{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-10 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-9{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-9{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>No-Return Refunds<\/b><\/h4><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-11\"><p><span style=\"font-weight: 400;\">Powerhouse companies Amazon, Walmart, and Target are giving customers <\/span><a href=\"https:\/\/www.businessinsider.com\/no-return-refunds-stores-likely-temporary-fix-to-growing-problem-2021-12\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">no-return refunds<\/span><\/a><span style=\"font-weight: 400;\">. A more expensive option, customers simply:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Keep or donate the unwanted items\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Receive returned funds<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">So why is this an emerging trend?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help offset the rising shipping and warehousing rates, larger name brands find it makes more sense for customers to keep items after issuing refunds than losing more money through the process of shipping items back.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Especially for low-dollar items, the cost of reverse shipping far exceeds the value of the merchandise.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-13{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-13 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-13{width:100% !important;order : 0;}.fusion-builder-column-13 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-13{width:100% !important;order : 0;}.fusion-builder-column-13 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-10{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-11 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-10{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-10{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\"><b>Longer Return Policies<\/b><\/h4><\/div><div class=\"fusion-text fusion-text-12\"><p><span style=\"font-weight: 400;\">Top retailers like Best Buy and Macy\u2019s are <\/span><a href=\"https:\/\/www.smithcorona.com\/blog\/a-2021-guide-to-holiday-returns\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">extending return windows<\/span><\/a><span style=\"font-weight: 400;\"> well past pre-pandemic standards. Where items purchased in November and December had to be returned by mid-January, gifts bought as early as October are now being included.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Omnichannel options like BORIS (Buy online return in store) can help alleviate some of the strains on shipping, reducing the management an item receives through the mail and warehouse.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Items returned directly to physical stores give more visibility to current inventory, which is a top concern for both retailers and consumers.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-14{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-14 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-14{width:100% !important;order : 0;}.fusion-builder-column-14 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-14{width:100% !important;order : 0;}.fusion-builder-column-14 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-11{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-12 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-11{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-11{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\"><b>Conclusion<\/b><\/h3><\/div><div class=\"fusion-text fusion-text-13\"><p><span style=\"font-weight: 400;\">As the holidays come to an end, it will be a waiting game to see how deep into 2022 the rush of returns will go.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But this might not be a one time situation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All of the above solutions are merely temporary fixes. But in the long run, the reverse supply chain will need an improved system to manage these problems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lost profits felt from this year alone could force companies to take a deeper look at reverse logistics to better <\/span><a href=\"https:\/\/www.smithcorona.com\/blog\/2021-holiday-online-shipping-guide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">prepare for future shipping holidays<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-15{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-15 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-15{width:100% !important;order : 0;}.fusion-builder-column-15 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-15{width:100% !important;order : 0;}.fusion-builder-column-15 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-12{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail always deals with returns &#8211; this isn&#8217;t new. But this year the reverse supply chain could face never before seen numbers in post-holiday returns&#8230;to the sum of $114 billion. With these new challenges threatening their bottom line, retailers struggle to find solutions to these unique conditions? How will they cope in the long run?<\/p>\n","protected":false},"author":13,"featured_media":12754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"acf":{"theme_color":"","estimated_reading_time":6,"include_in_most_popular_sidebar":false,"hero_splash_image":12752,"grid_listing_thumbnail":12753,"sidebar_most_popular_thumbnail":12755},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Point of No Return: The Reverse Supply Chain &amp; Post-Holiday Retail Rush - Barcode Blog<\/title>\n<meta name=\"description\" content=\"Retail always deals with returns. But this year the reverse supply chain faces new challenges that threaten their bottom line.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Point of No Return: The Reverse Supply Chain &amp; Post-Holiday Retail Rush - Barcode Blog\" \/>\n<meta property=\"og:description\" content=\"Retail always deals with returns. But this year the reverse supply chain faces new challenges that threaten their bottom line.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\" \/>\n<meta property=\"og:site_name\" content=\"Barcode Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smithcoronalabels\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-11T20:17:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-03T18:08:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/09\/reverse-logistics-article-hero-splash.png\" \/>\n\t<meta property=\"og:image:width\" content=\"760\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alaina D&#039;Altorio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sclabels\" \/>\n<meta name=\"twitter:site\" content=\"@sclabels\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alaina D'Altorio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"23 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\"},\"author\":{\"name\":\"Alaina D'Altorio\",\"@id\":\"https:\/\/www.smithcorona.com\/blog\/#\/schema\/person\/1b9fc3da02d7f7eb09679c7abc90ba43\"},\"headline\":\"Point of No Return: The Reverse Supply Chain &amp; Post-Holiday Retail Rush\",\"datePublished\":\"2022-01-11T20:17:52+00:00\",\"dateModified\":\"2022-10-03T18:08:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\"},\"wordCount\":11444,\"publisher\":{\"@id\":\"https:\/\/www.smithcorona.com\/blog\/#organization\"},\"articleSection\":[\"Industry News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\",\"url\":\"https:\/\/www.smithcorona.com\/blog\/reverse-supply-chain-post-holiday-retail-rush\/\",\"name\":\"Point of No Return: The Reverse Supply Chain &amp; Post-Holiday Retail Rush - Barcode Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.smithcorona.com\/blog\/#website\"},\"datePublished\":\"2022-01-11T20:17:52+00:00\",\"dateModified\":\"2022-10-03T18:08:02+00:00\",\"description\":\"Retail always deals with returns. 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