Returns in E-commerce business is like a ticking time bomb,
unless there is timely control exercised on time.
Returns in e-commerce is expected to exceed 30% globally. (source). This number is shocking and depressing for most sellers as this has a direct impact on the balance sheets and inventory control. Unaccounted, Unreceived and Non-Saleable returns account for majority of the losses in ecommerce business for sellers and unless timely and accurately tracked, this could shut shops sooner than we may realize.
Returns in ecommerce are primarily classified into: