Growth of Recommerce
Date: 19th Feb
Recommerce or reverse commerce is the selling of previously owned, new or used products mainly electronic devices, furniture, vehicle or media such as books, through physical or online distribution channels to buyers who repair, if necessary, then reuse, recycle or resell them.Thrift shopping has grown tremendously over the past few years and, with the onset of covid19 pandemic and change in the way many consumers look at purchasing, is likely to make recommerce more mainstream. Driven in large part by younger generation the resale, or “re-commerce,” market is booming. Currently worth approximately $23 billion, it is projected to reach $51 billion by 2023.
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Profile of Resource Person
Sunil Singh Sijapati, DBA
Doctor in Business Administration from USA, worked as an insurance professional in Nepal before going overseas for MBA. Worked as financial advisor business advisor and management consultant in USA and Canada. He is very enthusiastic for financial technology and e-commerce integration. Ten year of experience in management consulting and corporate advising. He is also co-founder of Sajilomeals.com (Online food delivery partner) and Sajilomeds.com (Online medicine delivery company)
Enthusiastic and optimistic by nature. Ongoing Bachelors degree, he has worked as a event Co-ordinator for GOInternational Finland. Worked as customer service representative in Cash and invoicing department in Bir hospital, he also has Marketing and promotion as his major skill. Very engaged with startups and startups development in Nepal.
He has completed Bachelor’s degree in Bsc.IT from London metropolitan university. He is Certified Digital Marketer with core Knowledge of Managing Marketing Campaigns as well as Promote Business, Brand, Services, Analyzing and Identifying Trends.
Deeya has been working as a Research Associate in Revive Management. She is studying Bachelor’s in Health Care Management. She has learned to accept and seek responsibility in the field. She is passionate about doing new research that creates sustainable development.