Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why products, even in very good conditions, are dumped?2. How artificial intelligence (AI) can reduce returns?3. How data management and robots can help to reduce

Why products, even in very good conditions, are dumped?2. How artificial intelligence (AI) can reduce returns?3. How data management and robots can help to reduce unsold inventory?4. What is the role of the "Secondary Market" in the process of minimizing the environmental impact of unsold inventory?5. How environmental, international, and government regulations can help to reduce waste?

image text in transcribed
I Iv vuymuylvu l Reverse logistics is defined as the process of moving goods beyond their typical final destination for things like re-use, capturing value, or proper disposal. In supply chain networks, materials flow from suppliers through to end customers. Did you know? Every year, Amazon and other retailers end up with billions of pounds of excess, unsold inventory that they're sending straight to landfills, or incinerating. Returns in the U.S. create more than 5 billion pounds of waste in landfills each year and more than 15 million metric tons of carbon dioxide. The problem is only growing as Amazon leads the way in bringing more shoppers online, where the rate of returns is 25%, compared to just 9% for instore purchases. Now, the ecommerce giant and other tech companies and retailers are increasing donation efforts and using data and A.I. to cut back on the wasted inventory clogging our landfills and our planet. Your assignment: Based on the content of this video, answer five of the following questions: 1. Why products, even in very good conditions, are dumped? 2. How artificial intelligence (AI) can reduce returns? 3. How data management and robots can help to reduce unsold inventory? 4. What is the role of the "Secondary Market" in the process of minimizing the environmental impact of unsold inventory? 5. How environmental, international, and government regulations can help to reduce waste

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Accounting questions

Question

What are the strengths and weaknesses of arguments by analogy?

Answered: 1 week ago

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago