Solving the Problem of Excess Inventory and Waste with Diz Petit

Talk Commerce

Summary

In this episode, Brent Peterson interviews Diz Petit, the co-founder and CEO of Liquid Donate, a sustainable social impact software company. They discuss the importance of corporate social responsibility, the issue of excess inventory and waste, and how Liquid Donate is matching excess inventory with schools and nonprofits in need. Diz shares her journey from working at Postmates to starting Liquid Donate and highlights the impact they are making in the lives of people in need. The conversation also touches on the power of unrestricted grants to nonprofits and the need for better communication and understanding between executive teams and warehouse managers.

Keywords

corporate social responsibility, excess inventory, waste, social impact, nonprofit, sustainability, unrestricted grants

Takeaways

• Liquid Donate is a sustainable social impact software company that matches excess inventory with schools and nonprofits in need.
• Unrestricted grants are crucial for nonprofits as they provide autonomy and allow organizations to allocate funds where they are most needed.
• The issue of excess inventory and waste is a significant problem, and technology can play a crucial role in solving it.
• There is a need for better communication and understanding between executive teams and warehouse managers to address the disconnect in decision-making.
• The donation market and volunteering sector continue to evolve, with a growing emphasis on matching needs with existing resources.

Sound Bites

• "There's a trillion dollar deficit in need on the nonprofit side."
• "80% of returns end up in the landfill."
• "Our goal is to have enough supply, enough retailers that have products that are being donated on a regular basis that nonprofits that want to receive product every day are able to receive product every day."

Chapters

00:00
Introduction and Passion for Matching Excess Inventory

09:10
Liquid Donate's Focus on Oversized Inventory

15:53
Connecting Retailers with Nonprofits and Local Communities

32:36
Challenges of Taking Donations and Importance of Unrestricted Grants