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January 10, 2013

E-World Online and Costco Partner to Recycle Returned Merchandise



There is an afterlife for electronic devices, and it’s being verified everyday by Vista, California-based E-World Online. Now, E-World Online, a provider of consumer electronics recycling solutions, has joined with the second largest membership retailer, by sales, in the United States—Costco Wholesale Corporation— to launch a Retail Return Program (RRP)—which tracks all returned merchandise and finds markets for reusable or recyclable products.

Issaquah, Washington-based Costco has implemented, trained and deployed E-World Online’s RRP program at its 400-plus U.S. warehouses (with room for expansion at more than 200 other wholesale locations worldwide). Since E-World Online’s RRP for Costco began in June 2012, 1.1 million items —equaling 14 million pounds of returned materials— have been transported, cataloged, recycled, remarketed or salvaged. Each warehouse enters data into a customized material tracking system that streamlines and unifies the reporting process across the entire organization and its transportation center.

E-World Online administers comprehensive e-waste take-back programs nationwide for leading consumer electronics manufacturers. Last year, the Manufacturer Interstate Take-back System (MITS) network, comprising either R2- or e-Stewards-certified recyclers, collected an estimated 84 million pounds of e-waste for such leading consumer electronics manufacturers as Sony, LG, NEC, Gateway (News - Alert), and Westinghouse, among others. MITS is able to offer services in nearly all 50 states.

“Many large retailers have created policies prohibiting the re-marketing of customer returned products. E-World Online has creatively utilized a network of high-end electronic processors and asset management companies to harvest parts; in addition to re-marketing and re-selling components to extract value from products destined for destruction,” said Bob Erie, CEO of E-World Online and founder of its RRP and MITS programs, in a statement. “Costco has always been a leader and innovator in its industry, and we’re very excited to have their National chain of warehouses be the first businesses in the U.S. to adopt the Retail Return Program. While the program is of enormous benefit to a big-box retailer like Costco, it can also be scaled either up or down on any continent for any material stream.”

E-World Online’s Retail Return Program is based on its Manufacturer Interstate Take-back System (MITS), which was key to its streamlined launch. RRP is geared to take the burden off retailers, in terms of:

·         Directing program logistics;

·         Providing asset management;

·         Ensuring data destruction, where needed;

·         Finding markets for reusable or recycled parts; and

·         Enabling revenue-sharing with program stakeholders.

Finally, E-World Online’s RRP gives retailers the ability to point and direct the disposition of all returned merchandise—not only electronics—so that they can maximize revenue on items that can be resold, as well as provide audited and environmentally compliant recycling on items that cannot.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Amanda Ciccatelli

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