The UK based organization WRAP (Waste Reduction Action Plan) has released a new report which concludes that £6.9 billion worth of food, drink and packaging waste occurs in the grocery retail supply chain. The report identifies where in the sector the waste arises, what the waste is, and how it is managed. It also concludes that the waste totals 7% of the value of food and drink sales to households and argues that if the money was instead used for increasing exports or investment it would both help individual businesses and the economy to grow. By focusing on the opportunities for improving waste prevention, businesses can add the savings benefit straight to their bottom line, says WRAP. They highlight the significant opportunity to reduce food, drink and packaging waste and the need for businesses to work to reduce their own waste, but also to work collaboratively across the supply chain to unlock waste prevention solutions.
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