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Consultancy Says Businesses, Governments Should Partner On Food Waste

August 19, 2018: 12:00 AM EST
According to a report by the Boston Consulting Group (BCG), aggressive action by companies, agricultural players, governments, and others can significantly reduce a global food waste problem expected to hit 2.1 billion tons – worth $1.5 trillion – through 2030. Five key drivers of the problem include: lack of awareness by consumers and others; inadequate supply chain infrastructure; supply chain inefficiency; a lack of collaboration within the food value chain; and poorly designed tax and regulatory policies. The report suggests 13 concrete initiatives companies can take to help combat the problem, addressing a major societal challenge while delivering business value. [Image Credit: © Sporkist | Wikimedia Commons]
"A Coordinated Global Offensive Can Reduce Annual Food Loss and Waste by $700 Billion", The Boston Consulting Group, August 19, 2018, © The Boston Consulting Group
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