US tariffs on aluminum imports and Chinese restrictions on scrap imports have created business for aluminum recyclers who can process scrap into new metal. Aluminum composed of recycled scrap had never been the majority of the US market until 2018, according to data analyzed by Harbor Aluminum Intelligence Unit.
Eddie Lampert won a bankruptcy auction for Sears Holdings by increasing his $4.4 billion bid for the retailer to roughly $5.3 billion, sources say. The rescue plan, which must go before a bankruptcy judge, would keep approximately 400 stores open.
Startup Bringg has raised $25 million in Series C funding backed by numerous investors for its delivery logistics product. The software, called Delivery Logistics Management, streamlines fulfillment for retailers and restaurants and offers APIs for delivery quotes as well as reverse logistics tools.
Used-car auction site BacklotCars has raised $8 million in its Series A funding round. The company buys its cars mostly from franchised car dealers and says it has over $100 million in annualized transaction volume.
PepsiCo focuses on infrastructure, materials and availability issues relevant to the circular economy when creating sustainable packaging, said Director of Recycling and Sustainability Kathleen Niesen. "[O]nce the consumer has finished the product, what can they, and what do they want to do with the package that is now empty and in their hand?" she said.
Verizon is pairing artificial intelligence and human interaction with its Digital Customer Experience managed service, which is intended to improve customer service for enterprises. The four core components are the Virtual Agent, the Live Agent, Knowledge Assist and the Social Engagement tool.
The Reverse Logistics Association offers monthly Industry Committee meetings. These meetings allow specific industry professionals to gather together on a regular basis to discuss common reverse logistics issues and ultimately help find solutions. Find and join a committee now.