How can you be part of a $4 billion liquidation market that is only expanding every day? While the number sounds monstrous and makes you think it is all easy, it takes time and skills to work on joining.
The liquidation market was a niche sector a few years ago. Today, it is a mainstream force in global commerce. The business is expanding rapidly and fueled by technological innovation.
New tech often means more opportunities and drivers to join the industry, but this does not come alone.
Shifting consumer habits, distressed assets worldwide, and new options for surplus are all creating the perfect market for entrepreneurs.
For investors, resellers, and companies seeking to maximize value from surplus or distressed inventory, there is a lot to do.
You want to understand the market’s growth, what is driving it, and all the emerging opportunities. This leverages your odds for success and how you can thrive in this now mainstream and popular industry.
Coastal Surplus Solutions knows all of this since we have been in the industry for over a decade. We know how it has evolved and what is needed today to work on the new concepts.
To be part of the whole industry, make sure you understand drivers and all the opportunities they are bringing with them.
Growth Drivers Behind the Liquidation Boom
While some of them are not exactly positive, they are fueling the industry. Hence, it is still a good chance to be part of it and work around the new changes.
- Economic uncertainty and business distress.
The sector’s growth is attributed to the increasing number of businesses facing financial distress. Insolvency or bankruptcy are also reasons behinds more people joining surplus.
Economic downturns, competitive pressure, and international mismanagement push organizations to seek professional services. More specifically, professional liquidation services that help them move overstock and get their capital back.
The idea is to minimize waste, liabilities, and work more around the circular economy practices for the best results.
According to Dataintelo’s research, this trend is booming in North America more than ever. Hence, this is your chance for a new approach.
- E-commerce expansion and overstock.
Inventory is always a nightmare.
While e-commerce brought the easy way of handling sales, it also brought challenges around materials and items.
Overstock, customer returns, and unsold seasonal items are all issues when it comes to piling up. They are hard to handle as you lose track of what is sold or not.
Liquidation companies are perfect for this because they take all the items and empty your entire inventory. You can get your capital back, reduce waste, and repurpose the entire idea of the items.
You can manage your entire inventory thanks to them and minimize all the losses.
- Technological advancements.
New technologies and digital information reshaped the liquidation landscape. In fact, they do it every day.
Companies leverage artificial intelligence, automation, and blockchain to streamline asset valuation. They also use them for real-time tracking and to work on the supply chain process.
Market Research conducted an analysis of how AI has changed surplus and startups today. The result shows how everyone can control their supply chain better and maximize profits.
How Coastal Surplus Solutions Helps You
We can be the ones handling your inventory, dealing with logistics, and making sure you maximize everything.
Feel free to contact us to start sourcing your surplus goods, and work through the entire process of logistics, shipping and more.
Call us or fill out our contact form today for more information.
