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The highly reduced foot traffic through brick and mortar retail stores impacting products which may not be easily transferable to sell online. Add in the ongoing supply of stock and there is a build-up of inventory not moving, some becoming obsolete due to seasonality or new stock superseding the existing.
The fifth-largest food and beverage company in the world, with eight $1 billion+ brands under its belt, had been managing their surplus inventory in-house and were looking to explore ideas focused on efficiencies and reduce write-downs to the business. Partnering with Active International they were able to achieve their two major objectives through a bespoke external model managing SLOB inventory.
Many clients across various categories reached out to Active during COVID-19 looking for excess stock solutions. From alcohol to food, retail and wholesale, having been thrown into sudden over supply/production of stock destined for venues now closed.
For more than two years an international CPG company had been trying to sell a large industrial facility with outdated capital equipment. A significant impediment existed: No environmental testing had been done in the site’s 50 year history.