User:Karinakathy05/sandbox

Intro
Resale can be seen in everyday life from yard sales to selling used cars.

Sustainability
Reselling creates a circulation of products, whether that be clothes, technology, books, etc. This circulation extends the lifespan of products and reduces the amount of waste in landfills for a longer time. This process of reselling also minimizes the carbon footprints of clothes for instance. 82% is about how much carbon footprints are reduced when purchasing used clothing versus new clothing. A used product purchased over a new one, (such as clothing) is capable of saving about 1kg of waste, 22kg of CO2, and 3,040 liters of of water.

Digital Platforms for Resale
Some of the platforms used to resell are websites and apps such as Poshmark, eBay, Mercari, thredUP, Facebook Marketplace, and many more. All these platforms have products that are new, resold, and even used. Some major companies have an extension to their franchise in which they sell their own products that may be "out of season", used, or recycled and resell them. Examples of this would be COACH (Re)Loved and LEVI Secondhand. By reselling these companies are decreasing the amount of waste and reducing their carbon footprints.

The Rise of Resale
$175 billion is the amount that Global Data that was predicted for the total resale market of 2023 in the United States. But in fact, Global Data confirms that this value was exceeded and in 2023 the total resale market reached approximately 193.7 billion.

History
Dating back to the Middle Ages, trading of secondhand clothing was common for impoverished communities. Although the concept of "thrifting" sprouted long before, it wasn't until the formation of official organizations such as The Salvation Army and Goodwill, that secondhand clothing/items flourished. Even though the popularity of resale/secondhand items fluctuates, these are still concepts that are familiar in the 21st century.

Artificial Intelligence
AI is being used in the works of resale, allowing resellers to automatically purchase high-demand products without actively being present. With such technology, resellers can focus on other important tasks all while getting their inventory at the best possible price with the help of AI. But this doesn't mean that people should disregard their involvement with business purchases, as it remains essential for resellers to monitor expenses and participate in decision-making.