Turning Challenges into Opportunities in Reverse Logistics & Returns Management for 3PLs
Imagine you ordered a new smartphone online, but the color wasn’t what you expected when it arrived. You initiate a return, and within 48 hours, a courier picks it up, your refund is processed, and the phone is inspected, repackaged, and resold—all without a hitch. Reverse logistics, a critical yet often underestimated component of the modern supply chain, powers this seamless experience. The globalretunemarket, valued at US$801.64 billion in 2024, is projected to grow at a 4.8% growth rate (CAGR) to reach US$1,166.81 billion by 2032, growth that's being fuelled by today's eCommerce-driven world where returns are inevitable.
Source: https://www.ramco.com/blog/log....istics/reverse-logis
