Unclaimed Goods Economy
The article addresses the issue of unsold goods and the waste resulting from them, particularly in the food and clothing sectors. It explains how products that do not find buyers accumulate and become an economic and environmental burden on companies and society. It notes that a large portion of these goods are destroyed before use—for example, 4-9% of textile products in Europe and 19% of food worldwide—at an economic cost exceeding one trillion dollars annually. The article reviews methods of managing excess inventory, such as clearance sales, recycling, resale, and donations. It also discusses new European legal measures that aim to reduce waste and promote more efficient inventory management. Emphasizing the importance of improving demand forecasting, handling returns, and innovating solutions to preserve the value of products before they expire or incur losses, the article highlights efforts to reduce economic losses and environmental impacts caused by overproduction and unnecessary storage.
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