While philanthropy continues to thrive, corporate social responsibility (CSR) is a concept—benefiting both the community and your bottom line—that has become a necessity for companies wishing to get ahead. Product giving offers several benefits and solutions that can directly impact key areas of your business.
Recruit the best talent and engage employees in making a positive impact and demonstrating corporate social and environmental responsibility. Boosting morale in the office means better retention with your employees, also saving you money in the long run!
Reduce your logistics and supply chain costs involved with returns, buy-backs, discontinued products and more, by donating at the point of distribution either directly from your stores to the local community or donate from your warehouse, distribution outlets and even third-party providers.
Develop positive brand awareness. Consumers want to know that the companies they purchase from are being responsible. Aligning your brand with a key issue of concern can allow you to tackle an issue head on and demonstrate impact to your stakeholders.
Remember the environmental benefits of product giving. Donating products allows your business to work towards its zero waste initiatives by giving you an alternative to disposing of or destroying your excess inventory.
Qualify for a tax deduction. Take advantage of the tax break that is available for businesses that donate products to help people in need.
