With everyone looking for more sustainable ways to live and ways to better cut down their carbon footprint one of the big aspects of reducing our waste includes altering packaging in order to make it more sustainable. The focus on consumer waste and encouraging a behavioural change could be profitable for companies that are invested in making a change.
Champions 12.3 is an international coalition that is focused on reducing the global wastage of food by 50% by 2030. Research has been released over the last week that shows that companies can save $14, or approximately £12 for every $1, or 80p that is invested in to reducing their food waste.
1,200 business sites that belong to 700 diverse organisations from different stages in the food supply chain made up the data that Champions 12.3 have got their results. It was found that about half of these businesses achieved a 14:1 return on their investment in food waste reduction measures. 99% of the businesses in the study gained a positive return of Investment, even if it was less that the 14:1 ratio. The sites included in the Champions 12.3 research included manufacturing facilities as well as retail outlets and other areas of the chain of food production, processing and sale.
InfinityQS International, Inc. is an authority on data-driven enterprise quality. The focus of InfinityQS is to provide an insight into operations that will allow global manufacturers in order to improve their product quality. According to InfintyQS, manufacturing could be a good starting point for businesses to look into saving money or reducing their impact on the environment.
The manufacturing process wastes 0.9 metric tonnes of food every year in the UK. This wastage is worth £1.2 billion, this amount of wastage is more than double the amount of the waste for the retail sector. WRAP, the British sustainability organisation has stated that this waste is easily avoidable.