Company’s Global Online Marketplaces Play Critical Role in
Zero-Waste Initiatives
WASHINGTON--(BUSINESS WIRE)--Apr. 21, 2016--
Liquidity Services (NASDAQ: LQDT), a global solution provider in the
reverse supply chain with the world’s largest marketplace for business
surplus, announced today that its online marketplaces, Government
Liquidation, GoIndustry
DoveBid and Network
International, have together sold more than three billion pounds of
scrap to the public since 2003. The company partners with its clients,
which include Fortune 1000 companies and the U.S. Defense Logistics
Agency (DLA), the Department of Defense’s largest logistics combat
support agency, to design and implement reverse supply chain solutions
that achieve sustainability goals by selling unwanted materials,
including ferrous and non-ferrous metals, electronics, rubber and paper,
to a global buyer base for reuse.
“Assisting in the recovery of more than three billion pounds of scrap
material and equipment in just 14 years is a significant contribution to
global sustainability and conservation efforts -- a major win for both
our clients and the environment,” said Gardner Dudley, president of
Liquidity Services’ Capital Assets Group. “We are pleased to celebrate
Earth Day’s 46th anniversary by recognizing such a remarkable
achievement. This accomplishment underscores the importance of building
sustainability into the reverse supply chain process and the role global
online marketplaces play in giving new life to surplus, keeping it out
of landfills.”
The three billion pound milestone was achieved with scrap sales of
decommissioned military aircraft (a 747 jumbo jet) and the retired USS
Long Beach Navy cruiser, among others.
“Every organization generates waste in some way, shape or form,” said
Dudley. “Organizations should think about sustainability in the context
of their overall reverse supply chain and take proactive measures to
integrate recycling and disposition processes into their standard
procedures. This practice will continually generate a high cash recovery
for resold goods, as well as ensure compliance with environmental,
safety and security standards, achieve corporate zero-waste goals and
protect brand equity.”
Liquidity Services also works with state and local government agencies
to sell their unwanted assets. For example, in June 2015, GovDeals.com
recovered 34,600 pounds of scrap whole water meters for the City of St.
Cloud, FL. The company also partners with retail clients to help them
extend the life of their returns and unsold seasonal merchandise such as
apparel and consumer electronics by selling them online. In a single
program for a large retailer, the company’s Liquidation.com
marketplace sold over 100 million units of product that historically
went to the landfill, not only saving waste disposal fees but also
generating revenue for the retailer and helping it achieve its
sustainability mission. To learn more about Liquidity Services’
corporate commitment to sustainability and how it partners with its
clients to build zero-waste initiatives into their reverse supply
chains, visit Chairman and CEO Bill Angrick’s latest blog post Celebrate
Earth Day 365 Days a Year.
About Liquidity Services
Liquidity Services (NASDAQ: LQDT) is a global solution provider in the
reverse supply chain with the world’s largest marketplace for business
surplus. We partner with global Fortune 1000 corporations, middle market
companies, and government agencies to intelligently transform surplus
assets and inventory from a burden into a liquid opportunity that fuels
the achievement of strategic goals. Our superior service, unmatched
scale, and ability to deliver results enable us to forge trusted,
long-term relationships with over 8,000 clients worldwide. With nearly
$6 billion in completed transactions, and approximately 3 million buyers
in almost 200 countries and territories, we are the proven leader in
delivering smart surplus solutions. Let us build a better future for
your surplus. Visit us at LiquidityServices.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160421006341/en/
Source: Liquidity Services
Liquidity Services
Jeanette Hanfling, 202-467-5723
jeanette.hanfling@liquidityservices.com
