Since the anti-food waste law and the recent law prohibiting the destruction of unsold products of all kinds, the sites of destocking auctions are growing more and more.
Destocking auction: the advantages
Food products, high-tech, branded clothing, toys, clothing clearance... whatever the type of merchandise, these unsold items put up for auction make the dealers profit.
The development of online destocking
Business enterprises must always be on the lookout for the latest trends and innovations to attract people and stay competitive. They must constantly renew their stock even if it is not completely sold out. This then results in unsold products piling up in traders' warehouses. In addition, for ecological reasons, it has been prohibited since January 2022 to destroy non-food products such as electrical and electronic products, textile products or furniture. Food products are also affected by these unsold stocks for many reasons including marketing.
Thus, in order to sell these unsold items, online destocking platforms have been developed to put them on sale, like auctions.
What is a destocking auction?
La auctions destocking allows commercial companies to efficiently optimize their unsold food and non-food items. It allows the liquidation of stocks and the fight against waste. Products of all kinds: toys, household appliances, furniture, textiles and food products… are auctioned in batches at very attractive prices. A real godsend for resellers, because they can obtain branded items there that they could not have acquired at the basic price. As the destocking auction is of both ecological and economic interest, there are more and more auction sites.
Destocking auction sites allow you to buy products from major brands at the best price. However, it is advisable to turn to specialized sites in the field such as Westock to avoid being scammed.
Westock Auction: how do destocking auctions work?
At Westock, unsold items are grouped together and put up for sale in batches of pallets. They are then put up for sale according to a well-defined timing for an ephemeral sale. In addition, to enable buyers to analyze the contents of the pallet, a precise listing is made available to them. This practice is strongly recommended for resellers, because it costs less and the quality is always there. The pallets are then offered for sale according to a starting price and a bidding step. You should also know that there is a reserve price, unknown to buyers, this is the price below which the transaction cannot be made.
In any case, Westock launches its service Westock Auction to help you in your procurement process. Do not hesitate to contact us for more information and take advantage of the best destocking offers.
