NEWS COMMENTARY

TerraCycle to bring reusable packaging platform, Loop, to retail stores

Published:
February 10, 2020
Coverage:
Accelerating Materials Innovation More...
Activities:
Strategy
by Gihan Hewage
Very important

As an online-only platform, Loop faced numerous roadblocks for consumers, such as deposits for packaging, $15 shipping costs for orders under $100 (in the U.S.), the inconvenience of shipping back empty containers, and limited product offerings. By bringing the platform to retailers, such as its partners Carrefour, Tesco, Kroger, and Walgreens, TerraCycle will directly address the challenges associated with shipping. More importantly, bringing Loop to retailers will help TerraCycle overcome the logistical challenges with its platform – selling items in stores (and not just relying on retailers' supply chains) allows it to avoid the cost and logistical challenges of having to ship products to and pick up empty containers from consumers.

For the original news article, click here .


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