Avery Dennison Reports Global Food Waste to Cost $540 Billion by 2026

Reuters01-06
Avery Dennison Reports Global Food Waste to Cost $540 Billion by 2026

Avery Dennison Corporation has published a new report highlighting the economic impact of food waste within the global retail supply chain. According to independent modeling commissioned by the company, the cost of food waste is projected to reach $540 billion by 2026, up from $526 billion the previous year. The report, "Making the Invisible Visible: Unlocking the Hidden Value of Food Waste to Drive Growth and Profitability," notes that food waste is equivalent to 33% of total revenue on average across business supply chains from processing to retail. The study identifies a lack of visibility as a significant challenge, with 61% of retail and supply chain leaders reporting they do not have a full view of food waste across the supply chain. Transit is cited as a major blind spot, particularly in the meat sector, which alone is expected to account for $94 billion of the total projected cost in 2026.

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