Oct 15, 2020

IKEA’s “Buy Back” Scheme For Sustainability

IKEA
Circular Supply Chain
Sustainability
Recycling
Oliver Freeman
2 min
IKEA Superstore, FL.
IKEA has announced an initiative that sees the furniture giant “buy back” used furniture, in exchange for vouchers, for the sake of recycling...

IKEA, the Swedish multinational group that sells ready-to-assemble furniture, kitchen appliances and home accessories, has just stepped up their contribution to fighting the ever-growing environmental problems that the world faces. Increased carbon emissions are threatening the survival of our planet and, unfortunately, manufacturing norms of the last century be a major reason for that issue. In an attempt to lessen their company’s carbon footprint, IKEA bosses have announced that they will now do a “Buy Back” scheme, to ensure that their used furniture doesn’t end up in the landfill pile. 

How Does The Scheme Work?

At IKEA “we believe that our products deserve a second life, as such, we are willing to buy your used IKEA products from you.” 

The “Buy-back and re-sell in store” service will allow IKEA to help out their customers in a time when a lot of people are a little strapped for cash. They’ll buy back their used furniture and hand customers a personal IKEA refund card which they’ll top up with a percentage of the original price, dependent on the condition of the product. 

Every returned product will then be placed in the “AS-IS” sale section of the shop, with more affordable pricing for consumers looking for a bargain. Or, if it’s in deplorable condition, the company will recycle it. “It’s this kind of approach and way of thinking that will help us achieve our goals of becoming a circular business and people and planet positive,” IKEA stated. 

Going Circular

The circular supply chain concept is one that many companies are looking to instil. It’s a model that encourages manufacturers and product and service sellers to reclaim discarded products and materials so that they can either re-sell or recycle them. It’s an excellent way to reduce a companies carbon footprint, rather than consistently producing one-time-use products that eventually end up at the local tip or in a landfill site.

“Our intention is to on-sell your products to a new home, and we want to ensure that 'buy-back' products purchased by customers are of a high quality and meet our obligations under the Competition and Consumer Act 2010.”

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Jul 25, 2021

People Moves: Kuehne+Nagel, Asuccini, Algo

supplychain
Procurement
KuehneNagel
Logistics
2 min
Stay up to date on the latest supply chain executive moves and promotions, including Kuehne+Nagel, Algo, and Asuccini LLC

Peer Gjeow Rasmussen

Kuehne+Nagel


Was: Managing Director, Kuehne+Nagel India
Now: Managing Director, Kuehne+Nagel Singapore and Malaysia 

Skilled in freight forwarding, logistics management, and international logistics, Peer Gjeow Rasmussen has worked for almost two decades to make Kuehne+Nagel a global leader in supply chain. With experience in Thailand, China, Denmark, the USA, and India, Rasmussen is poised to excel in the company’s diverse Singapore and Malaysia divisions. Said Jens Drewes, President of Kuehne+Nagel Asia-Pacific: "Peer’s proven leadership will ensure continued strategic growth and success." 

 

Heidi Turk

Algo


Was: SVP Supply Chain, NBC Universal
Now: Chief Customer Success Officer, Algo


Heidi Turk has been named Chief Customer Success Officer at Algo, a leading supply chain intelligence SaaS solutions provider. Prior to joining Algo, Turk spent the 23 years with NBC Universal, most recently as SVP Supply Chain.

Amjad Hussain, Chairman, founder and CEO, said: “Heidi’s deep knowledge of hard-goods manufacturing, distribution and retail channel operations will take Algo's white-glove, customer-centric service and support to the next level."


Jim Vrtis

Asuccini 


Now: Vice Chairman, Board of Directors, Asuccini

Jim Vrtis has been elected to the board of directors at Asuccini LLC, the leading international logistics transportation management software company. Vrtis will join as the Vice Chairman, and continue his role as CEO at Artemis ABA Inc. 

Vrtis has more than 20 years of industry experience working in transportation and logistics. Ashkan Shamili, Founder & CEO, said: “With the addition of Jim to our Board, we are committed to providing our customers with an innovative customised transportation management system built in the Salesforce cloud and tailored to the way our customers run their business.”

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