UPS teams up with Optoro
UPS has formed a strategic alliance with Optoro, with the aim of “providing a one-stop shop solution for retailers and manufacturers to optimize the transportation and disposition of returns and excess inventory”. The companies’ joint reverse logistics solutions combine UPS’s operational and logistics expertise with Optoro’s software platform that maximizes recovery value and reduces environmental waste.
Founded in 2010, Optoro has produced a software platform that helps retailers and manufacturers manage, process and sell returned and excess inventory.
“We’re here to help retailers and manufacturers simplify returns management and unlock the full value from their reverse logistics programs,” said Alan Gershenhorn, UPS Chief Commercial Officer. “Optoro is an excellent complement to UPS’s existing portfolio of retail services that optimize the flow of goods, information and funds.”
UPS recently invested in Optoro through the UPS Strategic Enterprise Fund. Terms of the transaction were not disclosed.
Meanwhile, UPS has also completed its acquisition of Marken, a global provider of supply chain solutions to the life sciences industry.