The right approach to waste targets
At Retail Insight, a core tenet of our business is to help retailers reduce food waste. In today's climate, this is a challenge that we all have a collective responsibility to address, and is why World Earth Day looks to encourage businesses, governments, and people to do all they can.
To mark this year's theme of 'investing in our planet' we are thrilled to be working with Co-op in supporting their aim of halving their food waste by 2030.
As one of the world’s largest consumer co-operatives, with more than 2,500 local, convenience, and medium-sized stores, Co-op has always led the way on food issues that matter the most to their customers.
They exist to meet members' needs and stand up for the things they believe in.
As part of our partnership, Co-op has invested in our WasteInsight solution to help them reduce their food waste and carbon emissions.
WasteInsight at Co-op leverages a dynamic markdown model to end-of-life products, that increases sell-through, thereby keeping more food from ending up in landfill.
"Our partnership with Retail Insight supports us in achieving our goal to halve food waste by 2030." Says Nick Meagher, Head of Analytics & Insight. "This is a great example of how to deploy analytics, as we are delivering dynamic pricing to every one of our stores, each day. This is service of our Co-op realizing its vision of Co-operating for a fairer world".
"From partnering with the Co-op in 2019, we know how important reducing food waste is to the group, and we’re proud to continue our work together." Added Kieran O’Brien, Client Director
What is World Earth Day?
Earth Day has taken place yearly for the past 52 years. It is an opportunity for people across the globe to come together and celebrate the world while raising awareness of how essential it is to actively protect our planet. This year’s theme is ‘Invest in our Planet,’ which involves businesses, governments, and citizens working together and taking greater responsibility.