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AI Platform Links Retailers with Secondary Market
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Overview
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AI-powered platform Vendidit connects retailers with secondary market buyers for returned items, aiming to reduce waste and increase revenue. Returns amounted to 14.5% of total retail sales in 2023, equivalent to about $743 billion.
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How could the integration of AI in retail returns management influence consumer behavior and expectations?
How might AI platforms like Vendidit and Loop impact the overall sustainability of the retail industry?
What are the potential challenges and risks associated with relying on AI for retail returns management?
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