Over the next five years customers will return an approximated 40 million to 50 million furniture pieces that more than likely will end up in land fills, creating tons of unneeded waste, according to Chris Richter, the creator of a brand-new Austin-based furnishings start-up, FloorFound.
To lower that waste, and offer merchants another choice for their used items, Richter has introduced FloorFound. The company is developed to manage furniture returns and resale for online merchants. Far, companies like Floyd House, Inside Weather condition, Outer and Plume (the furnishings rental company) are utilizing FloorFound’s services.
“We have a very large pipeline and we’ve been operating because April initially,” stated Richter. “We can pick up in any significant city locally and inspect it in your area. We have a platform layer where we can run assessments against those products.”
As consumers want to minimize their ecological footprint, an easy place to begin is by purchasing used items, Richter said, and he anticipates that most brands will start to integrate utilized and brand-new products in their virtual and genuine display rooms. “Every brand will commingle brand-new items with resale products,” he said. “We are attempting to put merchants in the resale business with their own return inventory.” To show his point, Richter indicated business like REI and The Space, which have partnered with ThredUp to sell used clothing.
To complement its returns organization and provide online sellers a method to work more flawlessly with regional vendors, the business has logistics partnerships with companies including Pilot Freight Services, Metropolitan Storage Facility and Shipment and J.B. Hunt Transport.
Working with co-founder Ryan Matthews, the former director of technology for the Austin-based high-end retailer Kendra Scott, Richter has set up a company that can take advantage of both the need for much better customer support for the return of large items and the growing call for greater sustainability in the furnishings industry.
It was an attractive adequate proposal to bring in a pre-seed financial investment from Schematic Ventures, an endeavor fund focused exclusively on technological innovations for supply chain management.
“The broken experience of extra-large e-commerce has kept a multi-billion-dollar classification offline. It’s not a basic issue: extra-large products require coordination of a hyper-fragmented micro provider network, complex physical processing, and then re-injection into an e-commerce channel that lines up with the brand,” said Julian Counihan, a general partner at Schematic Ventures. “UPS and FedEx just aren’t going to cut it. FloorFound is tackling this challenge with a team custom-made for the job: Chris Richter, Ryan Matthews and Shannon Hardt have backgrounds covering supply chain, e-commerce, shipment and enterprise software application. FloorFound will be the final push that moves the remaining offline categories, online.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.