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In the age of e-commerce, businesses are constantly looking for ways to improve the speed and efficiency of their order fulfillment process. One way to do this is to use a micro-fulfillment center. A…
In the fast-paced world of e-commerce, staying ahead of the curve is imperative for long-term success. As businesses evolve, so do the tools and platforms that support them. One such platform leadi…
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E-commerce has seen significant growth in recent years, with the global e-commerce market crossing the $2 trillion threshold. But with all of this growth comes an increase in carbon emissions, which we must mitigate if we want to create a sustainable planet for future generations. Carbon offsets are one way to achieve this so, we had to ask: What are the best carbon offsets for e-commerce?
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Apparel/Garments Singapore's Carousell's 2nd-hand trade cuts 116,577 tonnes CO2 in 2022 15 Dec '23 2 min read Pic: Adobe Stock Insights Carousell's Circular Economy Impact report reveals its users avoided 116,577 tonnes of CO2 emissions in 2022, equivalent to 76 per cent of Singapore's annual tree CO2 absorption. About 56 per cent of Carousell purchases replaced new items, with a 55 per cent rise in second-hand buying and selling. These initiatives are steering the future of re-commerce. Carousell Group’s user community effectively avoided 116,577 tonnes of carbon emissions in 2022, according to the company’s inaugural Circular Economy Impact report. The leading group in the multi-category platform for second-hand items in Greater Southeast Asia, in its report, highlights the significant environmental advantages of buying and selling second-hand goods over traditional retail practices.This impressive figure spans four goods categories, including fashion and luxury. Remarkably, this is equivalent to about 76 per cent of the total CO2 absorption by Singapore's trees annually.Carousell's Circular Economy Impact report reveals its users avoided 116,577 tonnes of CO2 emissions in 2022, equivalent to 76 per cent of Singapore's annual tree CO2 absorption. About 56 per cent of Carousell purchases replaced new items, with a 55 per cent rise in second-hand buying and selling. These initiatives are steering the future of re-commerce.Key findings indicate that almost 56 per cent of purchases on the Carousell marketplace replaced the need for buying new items. Furthermore, there was a noticeable increase in the buying and selling of second-hand items in 2022 compared to 2021, with 55 per cent of users in Carousell's six key markets reporting this trend, the company said in a press release.To accurately quantify its impact, Carousell partnered with Vaayu, a European climate tech company. Vaayu employed its advanced AI and machine learning technology along with a comprehensive Life Cycle Assessment (LCA) database containing over 600,000 product data points. This collaboration marks the initial phase of Carousell Group’s journey to measure its environmental impact, currently focusing on the four goods categories of Carousell, Laku6, and Refash. The company aims to expand this scope to include all categories and integrate other group brands like Mudah.my, Cho Tot, and OneShift in the future.The report also highlights the impact of individual transactions in fostering a circular economy. For example, purchasing a second-hand sofa on Carousell can save up to 131 kg of Co2e, akin to the annual CO2 absorption of nearly six trees.In alignment with its vision to propel the future of second-hand through re-commerce, Carousell Group has introduced various re-commerce programmes and features across its platforms this year. Fibre2Fashion News Desk (DP) More Apparel/Garments News - Singapore...
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Should e-commerce platforms be scrutinized for ethics and sustainability? Is there a connection between e-commerce and fast fashion? The answer is yes.
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