Optoro’s end-to-end solution and dedication to eliminating environmental waste from retail returns earned the honor for the second year in a row.

 

[Washington, D.C.] – August 29, 2022 – Optoro, the leader in returns technology, was named the winner of a Silver Stevie® Award in the Most Innovative Tech Company of the Year category in The 19th Annual International Business Awards® this month.

 The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2022 IBAs received entries from organizations in 67 nations and territories.

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Marketing Campaign of the Year, Best New Product or Service of the Year, Startup of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. This year’s competition also featured a number of new categories to recognize organizations’ and individuals’ achievements in social media and thought leadership.

“We’re honored to be named a winner for Most Innovative Tech Company,” Tobin Moore, CEO and co-founder of Optoro said. “Optoro has always been committed to making reverse logistics as seamless, efficient, and environmentally-friendly as possible for retailers. We are thrilled to be recognized by the International Business Awards® for our work and dedication.”

Returned inventory creates 9.6 billion pounds of landfill waste in the U.S. every year and results in $761 billion in lost sales. Powered by AI-driven technology and sophisticated data analytics, Optoro’s all-in-one platform enables retailers to efficiently manage the entire returns lifecycle, offering an easy experience for customers, automated processing within returns facilities, and intelligent dispositioning that quickly directs items to their next best homes. — As a result, Optoro’s customers have been able to keep 3.8 million pounds of waste out of landfills and cut carbon emissions by 60%. 

Stevie Award winners were determined by the average scores of more than 300 executives worldwide who participated in the judging process in June and July.

“We’re thrilled that we’re able to return to celebrating Stevie winners in person this year,” said Stevie Awards president Maggie Miller. “This year’s class of honorees are as innovative, adventuresome, persistent, and successful as we’ve ever had.  We look forward to celebrating their achievements with them during our 15 October awards banquet in London.”

 

Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.

 

About Optoro

Optoro is the leading provider of returns technology for retailers and brands, using data science and real-time decision making automation to make returns better for customers, retailers, and the planet. From an easy online customer returns portal, to warehouse processing and resale software, we offer powerful solutions to improve outcomes across all points in the returns process. Retailers and brands – including Best Buy, IKEA and Staples – trust Optoro’s technology to make returns a strategic advantage for their business and enable sustainability initiatives across their supply chain. Learn more about Optoro’s solutions at www.optoro.com.

 

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

 

Media Contact: 

LaunchSquad for Optoro

optoro@launchsquad.com

###