Supermarket Perimeter - September 2022 - 70

TECHNOLOGY
REDUCING
FOOD WASTE
by Matt Frost, CEO, Impulse Logic
ACCORDING TO FMI - The
Food Industry Association, the
average supermarket stocks more
than 31,000 items. To operate
efficiently, it's important to track
how many of these items are
actually sold and how many
are wasted.
Reports suggest that in the
UK grocery retail sector, stores
throw away the equivalent of 190
million meals a year. Globally,
food waste is being recognized
as a serious problem. Despite
well-intentioned initiatives
to combat it, however, about
1.3 billion tons of food is
nevertheless wasted annually
- enough to feed 815 million
people, four times over.
Food waste is one of the
grocery industry's most pressing
challenges. Consumers care
more than ever before about
preventing food waste and
unsold inventory puts significant
pressure on the bottom line
in an increasingly competitive
marketplace where margins are
already squeezed.
Accurate inventory handling
is key. For example, if retailers
overstock merchandise
- particularly perishable items -
they face limited options when
items don't sell. As merchandise
nears expiration, retailers must
decide: do they mark down the
item and reduce profit margins,
and if so, by how much? Or do
they toss the item, losing money
and increasing waste? While
strides are being made to reduce
and divert surplus waste, if we are
to meet the UN target of cutting
global food waste in half by 2030,
grocery stores need to do more
to help get this done.
Advancements in technology
may be the answer to reducing
70 - SEPTEMBER 2022
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Supermarket Perimeter - September 2022

Table of Contents for the Digital Edition of Supermarket Perimeter - September 2022

Supermarket Perimeter - September 2022 - Intro
Supermarket Perimeter - September 2022 - 1
Supermarket Perimeter - September 2022 - 2
Supermarket Perimeter - September 2022 - 3
Supermarket Perimeter - September 2022 - 4
Supermarket Perimeter - September 2022 - 5
Supermarket Perimeter - September 2022 - 6
Supermarket Perimeter - September 2022 - 7
Supermarket Perimeter - September 2022 - 8
Supermarket Perimeter - September 2022 - 9
Supermarket Perimeter - September 2022 - 10
Supermarket Perimeter - September 2022 - 11
Supermarket Perimeter - September 2022 - 12
Supermarket Perimeter - September 2022 - 13
Supermarket Perimeter - September 2022 - 14
Supermarket Perimeter - September 2022 - 15
Supermarket Perimeter - September 2022 - 16
Supermarket Perimeter - September 2022 - 17
Supermarket Perimeter - September 2022 - 18
Supermarket Perimeter - September 2022 - 19
Supermarket Perimeter - September 2022 - 20
Supermarket Perimeter - September 2022 - 21
Supermarket Perimeter - September 2022 - 22
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Supermarket Perimeter - September 2022 - 24
Supermarket Perimeter - September 2022 - 25
Supermarket Perimeter - September 2022 - 26
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Supermarket Perimeter - September 2022 - 31
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Supermarket Perimeter - September 2022 - 33
Supermarket Perimeter - September 2022 - 34
Supermarket Perimeter - September 2022 - 35
Supermarket Perimeter - September 2022 - 36
Supermarket Perimeter - September 2022 - 37
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