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How Trade Reduces Food Waste Almost Entirely

In 2020 in Spain, around 1% of the products were never marketed. This is due to several reasons such as deterioration of containers and packaging, errors in labeling, or the proximity of the maximum recommended date for consumption. In fact, three out of 10 of them are totally suitable for consumption but not for marketing, so they are donated to charities, while another 30% are destroyed because they cannot be reused.

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One-third of the world’s food production ends up being wasted. Beyond being a major economic problem for companies and consumers, food waste is also an environmental problem with a social and humanitarian impact that directly affects the reputation and image of the sector and society.

Its important dimension is one of the main concerns of companies in the sector in Spain, so much so that in recent years they have managed to reduce it practically in its entirety, going from 1.78% of food waste in 2013 to 0.68% recorded in 2020.

If you want to read more about how food waste can be reduced and how companies in Spain are trying to do that, download for free our companion app. The Born2Invest team of seasoned writers will keep you up to date with the most important business news in the world.

How companies in Spain have reduced food waste

From AECOC, the Association of Manufacturers and Distributors explained that these figures are the result of the plans put in place by companies to curb food waste. Although it has been reduced by more than half in recent years, the goal is to eradicate it completely. To achieve that, it is necessary to establish prevention and efficiency practices throughout the food chain; to maximize the use of the surplus produced throughout the different stages of the heat chain and finally, to raise awareness and sensitize society to this problem and the need to reduce it.

In 2020 in Spain, around 1% of the products were never marketed. This is due to several reasons such as deterioration of containers and packaging, errors in labeling, or the proximity of the maximum recommended date for consumption. In fact, three out of 10 of them are totally suitable for consumption but not for marketing, so they are donated to charities, while another 30% are destroyed because they cannot be reused. The 0.68% that ends up being wasted is of the total of products ready to be marketed.

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Anti-Waste Week

With the aim of eradicating this problem, AECOC will hold the fourth week against food waste at the end of September. An initiative that will involve companies, administrations and citizens to raise awareness of the value of food and try to prevent food waste.

The event will involve companies from all links in the food chain, from producers and large distribution centers to consumer associations. In addition, the meeting will have the collaboration of different municipalities, which once again this year will play a key role in giving visibility to actions to raise public awareness of the importance of reducing food waste in Spain.

AECOC has also put on sale the solidarity book ‘Stars against waste’. All the money raised will go to FESBAL (Spanish Food Federation).

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(Featured image by silviarita via Pixabay)

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First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.