Why tech companies are offloading their reverse logistics businesses ...Middle East

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Why tech companies are offloading their reverse logistics businesses
During the pandemic, tech companies were eager to acquire returns business. They were spurred on by people ordering more things online than ever before — and, subsequently, needing to return more things than ever before. But now, many of these same companies are rethinking some of the acquisitions they made just a few short years ago. Last week, PayPal offloaded its U.S.-based software and reverse logistics company Happy Returns to delivery giant UPS. Terms of the acquisition were not disclosed. PayPal acquired Happy Returns in May 2021 for an undisclosed sum. The deal is expected to close in the fourth quarter of 2023. “This new chapter is a natural next step for Happy Returns and allows

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