Overproduction accounts for $163 billion in waste and losses each year

SalesMoney Matters
Written By Jennifer Joslyn

Avery Dennison, a Fortune 500 materials science and digital identification solutions company, published data in a global report in early November. The report made the analysis that there is an annual loss of $163.1 billion worth of inventory each year due to overproduction and waste.

More than nine in ten businesses surveyed say there is massive pressure to become more sustainable in terms of emissions. However, although 60% said it was a “high” priority, they also cited growing challenges to achieving supply chain resilience while meeting these goals. There is a case of transparency through blockchain investments and smart devices.

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Jennifer Joslyn
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