Rabobank: Innovation Can Turn Around Food Waste
(Thomson Reuters ONE) -
The European Food & Agribusiness (F&A) industry is currently losing EUR 60
billion of value each year through food that is wasted in the supply chain and
never reaches the consumer. According to Rabobank's latest report, it is vital
that the industry looks to address the issue and F&A companies have much to gain
themselves from doing so. Rabobank sees innovation as the most effective means
of making an immediate difference to reducing waste. However, for it to be
successful, optimisation of supply chain processes and business models may be
required.
"Looking at the food chain from farm to fork, most wastage occurs within and
between F&A companies during agricultural production, post-harvest handling and
storage, processing and distribution. For almost every type of food, producers
account for more than half the loss of value," says Rabobank F&A supply chain
analyst Paul Bosch.
According to Rabobank's report, the potential value of innovation in F&A is
significant. There are three main areas where innovation can tangibly help:
harvesting and handling crops, packaging food and monitoring fresh produce.
Through these, companies can realise up to EUR 10 billion of savings by using
new approaches to reducing food waste.
For example, companies can invest in new machinery to harvest greater volumes
whilst reducing bruising or damage to the crop. Better use of packaging can also
protect against damage, whilst monitoring can give producers information about
food freshness to optimise sales and availability.
However, some packagers and growers may feel they have few incentives to invest
in the necessary technology. Reduction in food waste, after all, may result in
retailers buying less product.
While the initial benefit of implementing innovation is reducing waste, there
are other essential benefits for processsors. These include: improving product
consistency, enhancing inventory management and increasing flexibility in
logistics. Valorising these benefits is key to reduce foodwaste in a profitable
way.
Rabobank suggests food processors and retailers should start to select partners
who see the benefit in reducing waste and have the potential to benefit from the
additional effects on the supply chain. Nevertheless, companies should realise
that innovation is not for all partners, but an asset that will attract like-
minded companies and markets to becoming supply chain partners.
For more information please contact the report's author:
Paul Bosch Paul.Bosch(at)rabobank.com +31 71 24439
For other information, please contact Rabobank press office:
Koos Verheul: k.verheul1(at)rn.rabobank.nl, +31 30 21 66918
Social Media
http://rabobank-food-agribusiness-research.pressdoc.com
www.rabobank.com/f&a
(at)rabofoodagri
NOTE
* The report/presentation attached is sent specifically to enable journalists
to do their work, i.e. as the basis for an article or news report, or as
preparation for a telephone or personal interview with a content expert. In
line with good journalistic practice, a reference to the source would be
appreciated
* Please note that is it expressly forbidden to forward the attached
report/presentation in any form to third parties, or to publish this report
either partially or entirely on a website.
* Rabobank has recently updated the distribution lists for Food & Agribusiness
Research reports. If you have no interest in further receiving this
information, please let us know and we will remove your email address
promptly.
Feeding nine billion people requires a vision and solutions that do not stop at
the gate of a farm or the turnstiles of a supermarket. Banking for Food
accordingly encompasses all links in the food chains, in and outside the
Netherlands: from farmers and horticulturists and their suppliers to businesses
processing agricultural products and transport businesses and supermarket
chains. You can read our entire vision here.
Rabobank report - Food Innovation Never Goes to Waste:
http://hugin.info/133178/R/1903509/676924.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rabobank via GlobeNewswire
[HUG#1903509]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 378762
Anzahl Zeichen: 5065
contact information:
Town:
Utrecht
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Rabobank: Innovation Can Turn Around Food Waste"
steht unter der journalistisch-redaktionellen Verantwortung von
Rabobank (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
