Optoro lands a partnership with IKEA to reduce waste from returns
Summary
Nine-year-old Optoro manages a platform that uses data analytics to help brands determine the best way to sell off excess inventory. The company’s platform leverages data science and machine learning to manage and optimize returned inventory, aiming to reduce financial and operational burdens. “We’re on a mission to become a circular business by 2030, and we need partners like Optoro who can help us achieve our goals,” said Javier Quiñones, president and chief sustainability officer of IKEA Retail U.S., in a statement. Optoro also recently added three C-suite executives to its team that includes a new CFO, CTO and SVP of product. Through our work together, we will be able to make an even larger impact on reducing waste from returns, while also improving the customer experience to help fuel ecommerce growth.”
Classifications
AskAI Classifications
LabelsLinked Companies
