Surplus stock can be bought to avoid product waste

Selling surplus stock: BRC unveils Company Shop partnership

The British Retail Consortium (BRC) trade association and Company Shop Group have announced a year-long partnership to help promote more sustainable retail practices and deal with surplus stock in the supply chain.

Company Shop is a prominent redistributor of surplus food and products working with major retailers, manufacturers and brands to stop good food and products from needlessly going to waste.

It will now work closely with the BRC, engaging the trade body’s members through various digital resources and events to help educate, inspire and change mindsets across the sector on the subject of sustainably handling surplus stock and reducing waste.

According to the BRC, the third national lockdown is a crucial time to address these issues because ongoing high levels of volatility within the supply chain as a result of retail and hospitality closures are likely leading to an increase in surplus stock. The UK’s exit from the European Union after the end of teh transition period on 31 December is also causing supply chain disruption.

As part of the collaboration, the BRC and its new partner are encouraging retailers and businesses to ensure they are unlocking all value from stock and operating as sustainably as possible.

Company Shop purchases surplus stock from the FMCG supply chain and redistributes it across its network of 17 membership-only stores at heavily discounted prices. The aim is to provide a financial return to its industry partners, while generating positive social and environmental benefits.

Helen Dickinson, CEO of the BRC, commented: “This new partnership creates a powerful collaboration supporting the industry to embed more sustainable practices across its supply chains.

“As we begin to look at how we might recover from the coronavirus crisis there has never been a better opportunity to rebuild a more sustainable industry.”

Jane Marren, managing director of Company Shop, added: “It is essential that businesses use surplus management and redistribution as an asset for themselves, for the planet and for communities everywhere.

“Fluctuations in the supply chain are likely to be greater than ever this year, especially with another national lockdown, but we can help – if stock can be eaten, used or worn, then we can take it.”

Read more about retailers’ efforts to prevent food waste on Green Retail World.

[Image credit: Wrap]

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