G2 Reverse Logistics, a leading player in net recovery solutions, has unveiled a groundbreaking platform that revolutionizes the entire returns process, delivering substantial savings of 20% across the entire returns ecosystem. Today, the company announced securing $9.6 million in seed funding, spearheaded by Dell Technologies Capital. This infusion of capital will fuel strategic sales and marketing initiatives aligned with G2RL’s ambitious global expansion plans.
Established in 2020, G2 Reverse Logistics addresses the formidable challenge of retail and business returns, a trillion-dollar issue. Their end-to-end reverse logistics platform facilitates agile, data-centric decision-making throughout the complete returns lifecycle. Leveraging unbiased disposition, artificial intelligence, machine learning, and predictive analytics, G2RL achieves maximum net recovery for its clients, delivering an average savings of 20% across the entire returns ecosystem.
At the core of G2RL’s solution is its proprietary Prescriptive Analytics platform, meticulously crafted to optimize operations and minimize costs by continuously analyzing and enhancing returns processes in real-time. This platform empowers seamless end-to-end product routing and disposition, resulting in maximized recoveries. With its open API architecture readily available, G2RL ensures effortless integration with existing client systems, rendering it a versatile and scalable solution.
Noteworthy features of the platform include streamlined returns processing, enhanced net recovery optimization, and automated returns decision-making. G2 Reverse Logistics caters to a diverse clientele, encompassing retailers, manufacturers, brands, and third-party logistics providers (3PLs), providing them with a comprehensive, efficient, and effective returns management solution.
“G2RL tackles the costly issue of return rates head-on; our innovation goes beyond just reverse logistics management. We enable intelligent, data-driven and agile optimization,” said Tom Perry, CEO of G2RL. “Our proprietary technology offers unmatched end-to-end net recovery in ways that challenge previous norms. G2RL enables seamless reverse logistics operations and unmatched profitability for customers.”
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