Efficient stock management is essential to tackle food waste. With standardised and reliable product information via the QR Code powered by GS1, retailers and supply chain partners can manage their stocks smarter and better respond to consumer demand. This prevents overproduction and minimises waste.
By using an end-to-end planning system, products can be made available at exactly the right time. Retailers can also use techniques such as dynamic pricing and intelligent markdown to make products more attractive when they need to be sold quickly. This not only helps to further reduce food waste, but also increases efficiency and reduces operational costs.
According to the World Economic Forum, efficient inventory management supported by automated planning systems can reduce food waste in retail by as much as 20%. This not only means less waste, but also significant cost savings for retailers.
With the QR Code powered by GS1, consumers and retailers can together actively contribute to a more sustainable food chain. Smart stock management, conscious choices and efficient sales strategies make the difference.