Many of us know Goodwill Industries International as a retailer that accepts and resells donated goods. What the average consumer may not know is that the nonprofit takes in over 5 billion pounds of goods each year — and not all of it can be resold. For those unwanted or unviable items, the organization can either look into recycling or upcycling, and with the help of AI, it’s able to efficiently make that determination while also improving its process for sorting and allocating sellable goods for different retail channels.
Additionally, Goodwill helps its workforce with career-development skills. Much of this training has been enhanced with AI. Tune in to this episode to hear directly from Goodwill CEO Steve Preston about how the organization is using technology to fulfill a mission that extends beyond the retail store. Read the episode transcript here.
Guest bio:
As president and CEO of Goodwill Industries International, Steven C. Preston leads a network of 153 local Goodwill organizations with a combined revenue of $8.2 billion. In addition to being a secondhand retail leader, Goodwill is a leading nonprofit provider of workforce training and development in North America.
Positioning the organization at the forefront of workforce development has been a top focus for Preston since he joined Goodwill in 2019. He has also forged partnerships with organizations focused on sustainable practices in the secondhand retail marketplace and developed mission-focused marketing efforts to elevate the Goodwill brand.
Previously, Preston served in numerous operational and financial leadership positions in both the public and private sectors. After heading the U.S. Department of Housing and Urban Development and the Small Business Administration, he led successful turnarounds as the CEO of Oakleaf Global Holdings and Livingston International. He also served as the CFO of Waste Management and ServiceMaster.
Me, Myself, and AI is a collaborative podcast from MIT Sloan Management Review and Boston Consulting Group and is hosted by Sam Ransbotham and Shervin Khodabandeh. Our engineer is David Lishansky, and the executive producer is Allison Ryder.
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