International activities and partnerships are always possible. The question is, how does your industry or market behave when having them?
The surplus and liquidation industry has expanded to the point of raising this question, as it has gone beyond domestic borders. This has made surplus providers, retailers, and everyone involved in the industry mindful.
They consider how opportunities can be taken and considered internationally.
This is when the idea of partnerships comes in. cross-border relationships are the ones that open options and more goals for your business.
Today, global supply chains face ongoing disruptions, and excess inventory accumulates worldwide.
This is why it isn’t hard to find companies that want to collaborate.
National collaborations end up being quite limiting when you realize there is much more out there.
Going over cross-border surplus opportunities means you can capitalize on international demand. In the process, you diversify risk and enhance asset recovery outcomes.
In simple terms, it all boils down to more profits and great options for your business.
We at Coastal Surplus Solutions want to address the way you can leverage international strategies. We strongly recommend not letting them pass. Instead, focus more on scaling operations and how to optimize with this sustainable growth.
The Growing Importance of Cross-Border Surplus Opportunities
What makes these opportunities a great step for all businesses in surplus?
Global markets are awash with surplus inventory across multiple categories and areas. While electronics and medical devices remain in demand and the key elements, they are not the only ones.
This means that every single industry can benefit from this and you can always connect with new people as you go.
For example, the global medical device market is projected to reach $623 billion by 2026. All of this is thanks to a great portion of the items being tired up in surplus and outdated equipment.
The same happens in other areas, and they generate millions of tons of e-waste. However, they can be repurposed thanks to the surplus approach, and the companies involved.
How does this play in cross-border partnerships?
They enable surplus companies to tap into these international surpluses and connect them with buyers. You can look at it in this way: you are moving waste all around the world and not only in your own country.
This aligns perfectly with the circular economy practices and how you can generate more profits in the process.
Expanding your geographical reach means you can:
- Access diverse inventory pools.
- Match surplus goods with global buyers.
- Access more discounts and specific hard-to-find products.
- Mitigate risks associated with regional market
- Enhance sustainability.
How Can You Tap into These Partnerships?
It is all about where you are looking.
Options often go around collaborating with global marketplaces and auction platforms. These include We Buy Overstock or B-Stock itself. It depends on the scalability and end-to-end liquidation solutions offered.
Another option is forming alliances with regional specialists. You want partnerships with local firms that understand regulations and customs procedures. All of them are in their regional markets, along with preferences in them.
While looking for them, ensure that goals and specific needs align with what you want and offer.
Partnerships can be based on providing help in aspects and steps that your future partner is lacking in.
A common example is partnering with surplus companies while you are a manufacturer. They help you move excess inventory while they are able to generate profits.
You can expand this to an international level and get the most out of surplus goods.
Coastal Surplus Solutions knows that international partnership strategies are everything today.
We can connect you to our partners and offer support through all the steps. Feel free to contact us and inquire about the options we offer.
How we source goods, streamline logistics, and help with delivery worldwide.
We offer the benefits of strategic expertise and a 25% cost reduction. All mentioned by FasterCapital.
