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The average level of waste across the five sectors analyzed in the global study - automotive, beauty and personal care, apparel, food and pharmaceutical - is 8%
November 10, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Overproduction and waste are exacerbating the supply chain crisis and hitting businesses to the tune of 3.6% of their annual profits as nearly 8% of stock perishes or is discarded. This significant loss includes 4.3% of stock that spoils in the supply chain before it even reaches the shelf with a further 3.4% discarded due to overproduction. This loss amounts to $163.1 billion worth of inventory. This data has been published in a new global report released Nov. 10, 2022 by Avery Dennison. ...
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