There's a $1 trillion global industry which you've probably never heard of. It affects all kinds of brands and retailers and is growing at a rapid rate. It drives up costs, impacts cash flow, increases manufacturing and is harmful to the planet.
There are warehouses right around the globe currently piled high with goods which have been manufactured but remain unsold. They can often lie there for years or in the worst cases be destroyed. In the U.K. alone the problem of overstock accounts for around £5 billion.
One company aiming to address the problem is startup buyfair global, a B2B online marketplace auction site, specifically for overstock.