Thread by @telebusiness

💰Sources of unwanted goods have grown hugely thanks to global economic trends, and for a band of young entrepreneurs it has become very big business.

Even a box filled with 50,000 faulty breast implants can be a goldmine

Thread 🧵👇
telegraph.co.uk/money/consumer…

➡️In July 2021 Jack Lear founded Jobalots, which takes old stock off retailers’ hands but sells to small businesses, eBayers, market traders and charities.

Its turnover in 2022 will be £3m

📦His team of 45 processes 220,000lb of unwanted goods a week and has so far saved 3,000 tons from landfill.

Many are items that have been returned to retailers and are in perfect working condition

💬There are huge bargains to be had. “We sell at between 2% and 10% of an item’s regular retail price.”

And the volumes are huge. Between five and 10 lorries turn up at Jobalots’ warehouses every day

The problems of waste – and the opportunities to profit from it – start much further up the supply chain.

➡️Aged 19, Jake Slinn started JS Global Cargo & Freight Disposal, a company that sells on and disposes of the contents of unwanted shipping containers

❌The supply chain crisis, and the delays and cost pressures that have come with it, have driven a surge in containers that have been abandoned…

… because the contents have spoilt or the original buyer has gone bust or dis­appeared

Jake Slinn can take on almost anything, stopping the waste from going to landfill.

➡️A container of 50,000 faulty breast implants ended up being shredded and turned into fuel

🥫Spoilt food cargo goes for ­anaerobic digestion, which produces methane to power people’s homes. Normally he processes 20-50 tons of food a week

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telegraph.co.uk/money/consumer…