Research reveals top strategies for reducing $15B in unsaleable consumer goods
Participants identified enhanced shelf life management, effective management of discontinued items and sharing of UPC-level data as among the most effective solutions.
New research conducted by CHEP, Orlando, Fla., evaluated and compared the effectiveness of 48 strategies manufacturers and retailers use to reduce unsaleable goods and generate cost savings. Participants identified enhanced shelf life management, effective management of discontinued items and sharing of UPC-level data as among the most effective solutions.
“Unsaleable goods is a $15 billion issue for our industry, and a reduction of just 1% would save companies $150 million annually,” says Daniel Triot, senior director of Trading Partner Alliance, a joint industry affairs-industry relations leadership group formed by the Grocery Manufacturers Association, Washington, D.C., and the Food Marketing Institute, Arlington, Va. “By promoting broader adoption of the best practices CHEP has discovered, we can meet and exceed that goal.”