Regency Applied sciences has eight places throughout the US, and so they’ve been recycling, testing, repairing, and promoting electronics since 1998. That’s a mixed 24 years! From the east coast to the west coast, spanning all the way in which from Olympia, Washington to Atlanta, Georgia, they’ve made a reputation for themselves on the planet of ITAD and electronics recycling processors.
Regency is an R2-certified firm that works with retailers, healthcare and monetary organizations, in addition to authorities companies and academic establishments, to audit and check retired electronics and correctly recycle IT tools. What’s extra, overstock digital items and purposeful gadgets get listed on our very personal B-Inventory Provide, a multi-seller market the place authorized patrons can buy returned, extra, and refurbished stock from a whole lot of various sellers multi function place.
We sat down to speak with Regency to listen to their journey promoting on Provide and past. On this version of B-Inventory’s Neighborhood Highlight: Meet Eric and Jim Levine of Regency Applied sciences!
The Beginnings of Regency Applied sciences
The corporate was began over 20 years in the past now in 1998. Eric’s father, Jim Levine, heads the corporate, and almost 1,000 staff unfold throughout their eight amenities. What began as a small store refurbishing and remarketing IT tools, later pivoted to incorporate the resale and recycling of electronics and home equipment. You can say Regency was part of the round financial system earlier than that was even a phrase!
What Regency focuses on
The first a part of their enterprise serves as an ITAD and electronics recycling processor. Previous and returned electronics merchandise that want recycling, or tools testing and auditing course of to repair and refurbish tools. Regency recycles greater than 150 million lbs. of end-of-use electronics yearly!
On B-Inventory Provide, you’ll find Regency itemizing shopper electronics like video and audio tools, tech equipment, and home equipment. Which get put up for public sale and will be bid on by registered patrons on the platform.
R2 licensed recyclers
When you’re a recycling processor, you will need to abide by high quality, well being, and environmental requirements. Regency has been R2 licensed for 13 years. This was what Eric needed to say:
“Anyone who’s doing resale within the electronics world, it’s positively good to be doing it. And never only for the enterprise, however I consider in these certifications for environmental functions and correct follow for a enterprise in order that individuals are following the best tips to be environmentally accountable. That’s what all that stuff is in place for.”
Footage from Regency’s function on Discovery Channel’s Tomorrow’s World Right now
Protecting issues in use
On the opposite finish of their enterprise, there may be additionally the chance to maintain issues in use. Which is the type of stock that Regency lists on B-Inventory Provide. In Eric’s phrases, “It makes extra sense to have the ability to repair and check issues and promote them again to individuals at a reduction who’ve an curiosity in utilizing that stuff.” On a case-by-case foundation, in fact.
An instance Eric gave was on scratch and dent home equipment, that are nonetheless totally purposeful:
“Does it is smart to interrupt down a fridge and get it again right down to uncooked supplies like steel, plastics, and glass or does it make extra sense to try to get it to somebody who has a purposeful use for that fridge to maintain issues chilly?”
He gave one other instance with shopper electronics:
“Say we get a bunch of previous cellphone circumstances, these aren’t essentially tablets or telephones, however we’re not simply throwing them into the recycling machine both. We’ll kind them out and put them again into the market as a result of there are nonetheless individuals that may use these cellphone circumstances.”
Q: What motivated you to get into the enterprise?
For me, having grown up round this, there have been various years I used to be not concerned with it. I went to varsity and studied enterprise and music, after which pursued arts out in the true world—which had been all implausible experiences. I simply hit some extent the place I used to be prepared for a extra conventional sort of profession.
It’s an excellent enterprise and environmentally targeted, and I’m positively an environmentalist. What this firm does could be very a lot in step with my core values as an individual; to have the ability to put these issues collectively is a blessing, and to do it with household and others that I’ve labored with for years, could be very cool.
Q: How has B-Inventory Provide helped you/ your online business?
The most important manner B-Inventory has helped us is: it’s an excellent on-line presence and it’s an effective way to attach with different companies you wouldn’t have in any other case been in a position to join with and not using a platform like this. There have been new corporations we’ve been launched to via B-Inventory. A few of them come and go, and these could also be one-time transactions, and a few companies turn into returning, common prospects.
The most important factor that I’ve seen is that the shoppers which are returning and care about it…there may be sufficient tools the place different corporations are in a position to maintain their very own companies and comply with their desires because of what we’re doing. We obtained a letter from one of many sellers thanking us for what they had been in a position to buy and the way they had been in a position to begin this small enterprise. It was very heartwarming to see that occur.
Classes realized alongside the way in which
Being part of the larger image
Doing enterprise on the wholesale stage is completely different than simply promoting one merchandise to finish shoppers the place you’re making an attempt to make as a lot revenue as you’ll be able to. You’re engaged on a business-to-business platform, which suggests particular person patrons are utilizing this stock to gas their very own companies!
“You’re working with different individuals which are pursuing their pursuits and their desires and beginning their very own companies via that materials provide. It’s cool to be part of it, I do know we’re only a small a part of it, however on the similar time, everybody who will get concerned is certainly making an attempt to push that narrative ahead.
Eric illustrated this level even additional:
“Some people who find themselves prospects on the platform have been in a position to maintain their enterprise and put meals on the desk for his or her households due to what you guys [B-Stock] are offering as a market.”
Persistence and perseverance
Once you take care of giant volumes of supplies and so many transferring elements, it’s vital to place issues into perspective. Merely seeing your self within the sneakers of all people concerned can go a good distance.
“Generally sure issues that occur on a day after day can appear very excessive. It’s important to zoom out and understand what you’re doing, who you’re working with, who these individuals are which are both shopping for or promoting, and the place it matches into that spectrum of the meals chain. Perhaps one factor that looks as if a giant deal as we speak, like an overcharge invoice on a freight cargo, isn’t an end-all-be-all. Generally it takes a deep breath and somewhat endurance. Each single day you go in, there’s all the time going to be somewhat left for tomorrow.”
Navigating COVID-related points
Latest provide chain points proceed to rock industries world wide. Regency shared the identical expertise that many different companies did in the course of the peak intervals of the pandemic. From freight logistics and transportation to managing labor shortages and different disruptions.
“Weathering that storm whereas sustaining constructive enterprise all through that point interval has positively been a problem however it has not been insurmountable. It takes quite a lot of character and perseverance and lots of people working collectively to make it occur. It might not have all the time been clean however we’ve gotten the job completed.”
Discover Regency Applied sciences on B-Inventory Provide!
On B-Inventory Provide, you’ll find Regency itemizing giant volumes of examined electronics tools, overstock items, and home equipment! For extra info on their companies or firm, go to their web site right here or give them a comply with on Fb.
