Samir Baig, Founder & Chief Executive Officer, Vastco Logistics & Solutions
Choosing the right reverse logistics partner is of utmost importance to minimize risks
Reverse logistics is a process wherein goods are returned to the original producer, manufacturer, seller, or distributor for servicing, refurbishing, or scientific disposal in accordance with guidelines set by local and central authorities. It could involve a faulty part, unsold inventory, a product or part in a broken or damaged condition, or a policy enforced by an organization to collect or recall all old inventories. These items are then put through a reverse logistics process that could encompass any of the aforementioned activities or a combination thereof.
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