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Three drivers (economic, regulatory and consumer pressure) drive product returns worldwide. This has also gained momentum because of fierce global competitiveness, heightened customer expectations, pressures on profitability and superior supply chain performance. Concerns about environmental issues, sustainable development and legal regulations have made organizations responsive to Reverse Logistics. Increased competition, growing markets and a large base of product users in developing countries imply that buyers are getting more power in the supply chain even in these countries. Thus, managing product returns in an effective and cost-efficient manner, is of increasing interest in business as well as in research...
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