Reducing food loss: What grocery retailers and manufacturers can do

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More than two billion tons of food—representing up to 40 percent of the world’s food—are lost or wasted every year, yet one in nine people in the world can’t get enough to eat. Indeed, food loss and food waste are major global problems, which have been exacerbated by the war in Ukraine, the pandemic, and climate change. Fortunately, despite these dire statistics, reducing food loss is immensely achievable according to Clarisse Magnin, Björn Timelin, and their coauthors. In a new article, they lay out the unique opportunity food manufacturers and retailers have to cut food loss by 50 to 70 percent. See why addressing this problem is not only the right thing to do but also a good business practice. Check it out and turn food loss into big wins.
— Joyce Yoo, digital editor, New York
Image of yellow, orange, and red tomatoes on the stem
 
Reducing food loss: What grocery retailers and manufacturers can do
An estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet.
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:54 - 8 Sep 2022