More than 150 companies have signed up to work with Loop, an innovative alternative to Amazon where the products ± as well as the box they arrive in — are all shipped back to where they came from.
Loop is the brainchild of entrepreneur Tom Szaky, who created TerraCycle as a Princeton drop out to recycle the food waste from the university dining halls into fertilizer — using worms. His company is now worth $20 million, and he’s branching out.
Customers order their products online from a list of name brand items, all delivered via UPS in a sturdy tote. The empties go back into the tote, which UPS takes back to Loop’s New Jersey processing center. They are cleaned and refilled by the suppliers to be shipped out by Loop again. Even though consumers are buying just the contents, the products cost about the same as those sold in single-use containers — in part to offset the cost of the development and manufacturing of the more durable containers, as well as cleaning and refilling.
Currently, Loop has about 25,000 customers in its test markets in New Jersey, New York, Pennsylvania, Delaware, Vermont, Connecticut, Rhode Island, Massachusetts, Maryland and Washington, D.C., in the United States, and in Paris, France. But they are in the process of expanding across the United States and internationally, including the United Kingdom, Canada, Germany and Japan.
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