Focus Area
Food waste, recalls and outbreaks of foodborne illness account for 1.3 billion tons of lost food and countless costs every year, according to the United Nations’ Food and Agriculture Organization (FAO).
The more accurate the information about fish, the less errors we will see in order handling, billing and shipments – not to mention faster and better communications with trading partners and consumers.
Standing up to today’s tight profit margins through standards-based business processes leads to greater overall efficiency and more profits.
Case Study
The Swedish grocer Konsum Nord saved 85% in administrative costs by switching to an invoicing system using GS1 eCom standards and expected to recoup their investment in one year, according to a GS1 Sweden case study.
Case Study
The volume of consumer products subject to (Customs) examination of toy and game products can be reduced by 80% or more with the use of Global Trade Item Numbers (GTINs) and Global Product Classification (GPC) codes, according to a GS1 US 2012 white paper.
Case Study
Between 50% and 60% of supermarket sales come from fresh food categories, yet it is estimated that 5% to 7% of fresh foods are lost to poor management. This means that food shrinkage and waste can cost retailers up to 4% of their overall revenue. Taking into account the industry’s razor-thin margins, unsold items are a major challenge for food retailers.