Reverse Logistics Market Size, Trends, Top Companies, Growth, Industry Share, Report and Forecast till 2022-2027
The latest research study “ Reverse Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that t he global reverse logistics market reached a value of US$ 563.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 812.6 Billion by 2027, exhibiting at a CAGR of 5.80% during 2022-2027. Reverse logistics refers to a supply chain management technique that transports goods from customers back to the sellers or manufacturers. It involves refurbishment, recycling, reselling restocked items, and reclamation of raw materials. Reverse logistics also consists of the management and sale of returned and surplus equipment and machines. It contains various steps, such as processing, dealing with returns, maintaining the movement of returns, recycling, and repairing. Reverse logistics provides improved brand image, greater customer satisfaction, enhanced sustainability, reduced waste, and...