Tesco Exchange is a new online marketplace that matches Tesco suppliers who have too much of a product (eg. crops, byproducts, packaging) with other Tesco suppliers that need it.
By selling or donating surpluses to other suppliers who can use them, the ‘swap-shop’ helps users reduce production costs and waste.
In the same way that consumer marketplaces work, suppliers can advertise surplus stock for sale on Tesco Exchange, post requests for things they need and agree sales between each other. They can also set alerts for when items they need are posted.
The opportunity for the Tesco Exchange platform has been highlighted by Tesco and WWF’s recent report about on-farm food loss. The report found that in the UK alone, more than three million tonnes of food waste perishes before making it off the farm.
This is the latest in an ongoing programme led by Tesco to help its suppliers tackle waste. By working directly with 107 of its global suppliers, it has helped to collectively reduce food loss and waste by 78,000 tonnes. It aims to halve food waste in its operations by 2025 and reach net zero across its entire value chain by 2050.
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