September 2024

1. Sourcing and Supply Chains 10 Years Ago: Traditional sourcing: The wholesale secondhand market largely relied on local collection systems (charity donations, small scale thrift stores, municipal programs). Local and regional focus: Wholesalers primarily sourced goods from local donations or nearby thrift stores, limiting reach and selection. Manual processes: Sorting and grading were often manual,

Introduction In an era where environmental consciousness is increasingly driving consumer behavior, the importance of sustainable business practices cannot be overstated. The secondhand goods industry stands at the forefront of this shift, offering a unique opportunity to reduce waste, conserve resources, and promote a circular economy. As a leader in the industry, Bank & Vogue