Camille: Actually, Back Market has to manage regulatory questions regarding e-waste and traceability. But something that is very important to understand is that we are an intermediary. Back Market, like what I mentioned in the beginning, is an e-commerce platform. So, we help build relationships between customers and refurbishers. But we are not a refurbisher. We don't have any kind of stock, we don't have a warehouse and we are not in charge of delivery either. We actually help and support the refurbishers to improve their own activities, offering them services to find steps to do quality checks or we help them to develop new methods of repair. But we are not mainly responsible for the devices. That being said, we have a responsibility for our supply chain. And we want to have this responsibility because it's important to be aware of what actually is going on in your supply chain.
So, this kind of regulation regarding e-waste, for instance, is actually very different from one country to another. In France, for instance, there is a new law regarding circular economy that asks us to make sure that all the sellers on the platform in France are actually disposing and recycling their e-waste in the proper way. So, we are working on that. What makes it a bit difficult is that the refurbishing market is very heterogeneous — you don't have just big companies or very small shops. You actually have big factories with 1,000 to 2,000 employees and you are a very small workshop with 4 to 8 people, so that makes it a bit complicated, but it's something that we are managing to do.
And according to the country, we don't have the same kind of obligation, but what we are trying to do, above all, is to be ready for the change of regulations and anticipate any kind of regulation in any country regarding the environment, mostly. So, we are working with our refurbisher to help them to be more responsible regarding e-waste. We are also putting quality standards in place to make sure that we are going to be in line with every regulation in any country and we are always a bit above the national standard regarding quality.
Jonathan: That’s great. So, we've understood that only in a few years, Back Market has grown from a startup to a French unicorn with more than 1,500 suppliers around the world. That's a great success story.