Regency Applied sciences has eight places throughout the US, they usually’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 best way from Olympia, Washington to Atlanta, Georgia, they’ve made a reputation for themselves on this 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 businesses and academic establishments, to audit and take a look at retired electronics and correctly recycle IT gear. What’s extra, overstock digital items and practical objects get listed on our very personal B-Inventory Provide, a multi-seller market the place permitted consumers can buy returned, extra, and refurbished stock from lots of of various sellers multi functional 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 workers unfold throughout their eight amenities. What began as a small store refurbishing and remarketing IT gear, later pivoted to incorporate the resale and recycling of electronics and home equipment. You might say Regency was part of the round economic 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 gear testing and auditing course of to repair and refurbish gear. Regency recycles greater than 150 million lbs. of end-of-use electronics yearly!
On B-Inventory Provide, you’ll find Regency itemizing client electronics like video and audio gear, tech equipment, and home equipment. Which get put up for public sale and might be bid on by registered consumers on the platform.
R2 licensed recyclers
If you end up 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 undoubtedly sensible to be doing it. And never only for the enterprise, however I imagine in these certifications for environmental functions and correct follow for a enterprise in order that individuals are following the correct tips to be environmentally accountable. That’s what all that stuff is in place for.”
Footage from Regency’s characteristic on Discovery Channel’s Tomorrow’s World As we speak
Holding issues in use
On the opposite finish of their enterprise, there’s additionally the chance to maintain issues in use. Which is the form of stock that Regency lists on B-Inventory Provide. In Eric’s phrases, “It makes extra sense to have the ability to repair and take a look at issues and promote them again to individuals at a reduction who’ve an curiosity in utilizing that stuff.” On a case-by-case foundation, after all.
An instance Eric gave was on scratch and dent home equipment, that are nonetheless totally practical:
“Does it is smart to interrupt down a fridge and get it again right down to uncooked supplies like metallic, plastics, and glass or does it make extra sense to try to get it to somebody who has a practical use for that fridge to maintain issues chilly?”
He gave one other instance with client electronics:
“Say we get a bunch of outdated telephone 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 telephone circumstances.”
Q: What motivated you to get into the enterprise?
For me, having grown up round this, there have been a variety of 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 actual world—which had been all implausible experiences. I simply hit a degree the place I used to be prepared for a extra conventional kind of profession.
It’s a great enterprise and environmentally centered, and I’m undoubtedly an environmentalist. What this firm does may be very a lot consistent 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, may be very cool.
Q: How has B-Inventory Provide helped you/ your enterprise?
The largest means B-Inventory has helped us is: it’s a great on-line presence and it’s a good 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 by means of 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 clients.
The largest factor that I’ve seen is that the shoppers which might be returning and care about it…there’s sufficient gear the place different corporations are in a position to maintain their very own companies and comply with their desires on account 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 best way
Being part of the larger image
Doing enterprise on the wholesale degree is completely different than simply promoting one merchandise to finish shoppers the place you’re attempting to make as a lot revenue as you may. You’re engaged on a business-to-business platform, which suggests particular person consumers are utilizing this stock to gasoline their very own companies!
“You’re working with different individuals which might be pursuing their pursuits and their desires and beginning their very own companies by means of 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 identical time, everybody who will get concerned is unquestionably attempting to push that narrative ahead.
Eric illustrated this level even additional:
“Some people who find themselves clients 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 massive volumes of supplies and so many shifting components, it’s vital to place issues into perspective. Merely seeing your self within the footwear of everyone concerned can go a good distance.
“Typically sure issues that occur on a everyday can appear very excessive. It’s important to zoom out and notice what you’re doing, who you’re working with, who these individuals are which might be 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 at this time, like an overcharge invoice on a freight cargo, just isn’t an end-all-be-all. Typically 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
Current provide chain points proceed to rock industries world wide. Regency shared the identical expertise that many different companies did through the peak durations of the pandemic. From freight logistics and transportation to managing labor shortages and different disruptions.
“Weathering that storm whereas sustaining optimistic enterprise all through that point interval has undoubtedly been a problem however it has not been insurmountable. It takes a whole lot of character and perseverance and lots of people working collectively to make it occur. It could not have all the time been easy however we’ve gotten the job accomplished.”
Discover Regency Applied sciences on B-Inventory Provide!
On B-Inventory Provide, you’ll find Regency itemizing massive volumes of examined electronics gear, overstock items, and home equipment! For extra info on their providers or firm, go to their web site right here or give them a comply with on Fb.