FDBusiness.com

WRAP Outlines £330 Billion Economic Growth Potential For EU From Smarter Resource Use

 Breaking News
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...
  • Innovation in the Spotlight at UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print 2019 returns to Birmingham’s NEC later this month with its most innovative show to date. The show, which also includes Contract Pack, Ecopack and Industrial Pack, will showcase more product launches and innovation from across the industry than ever before as it welcomes over 300 suppliers. As always, Innovation is the [...]...
  • £100 Million Müller Programme to Transform UK Fresh Milk Business Müller Milk & Ingredients, Britain’s largest producer of branded and private label fresh and flavoured milk, cream, butter and ingredients, has launched a £100 milliion cost and margin improvement programme which aims to secure a vibrant and sustainable future for the business, to the benefit of consumers, customers, employees and farmers. Project Darwin includes a comprehensive [...]...
  • Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%. Coca-Cola Zero Sugar led growth in [...]...

WRAP Outlines £330 Billion Economic Growth Potential For EU From Smarter Resource Use

WRAP Outlines £330 Billion Economic Growth Potential For EU From Smarter Resource Use
November 12
09:32 2013

WRAP’s EU 2020 Vision pinpoints food as one of the most wasted resources and calls for “concerted action” to halve UK household food waste by 2025. Business opportunities from more efficient resource use include:

* Business competitiveness improvements of £330 billion (Eur400 billion)

* The potential for an additional 160,000 people to be employed in the recycling sector

* Improved trade balance of £90 billion (Eur110 billion)

* 500 million tonnes of CO2 equivalent could be avoided

* 190 million tonnes less extracted raw materials and imported goods used

* 220 million tonnes less waste produced

* 350 million tonnes more materials recycled.

Dr Liz Goodwin, head of WRAP, is calling on businesses to work together to achieve these benefits.

“Understanding the potential for the circular economy is one thing, achieving it is something far more complex and challenging. Our challenge and opportunity today is to go one step further, and understand how we can turn ideas behind the circular economy into positive action.”

She continues: “Building a more resource efficient circular economy will help us deliver a more sustainable future and I intend WRAP to be at the heart of delivering the vision in the UK and beyond. This will deliver benefits to our funders, to business, and to consumers.”

WRAP’s work on biomass and material flows shows that food is one of the heaviest uses of resources and the stream in which most is currently wasted. Efficient food production and consumption is therefore critical to a circular economy.

Dr Goodwin calls for a collective ambition to further reduce household food waste.

She says this could be achieved by wider adoption of initiatives already underway, for example the recent roll-out of a Love Food Hate Waste behaviour change campaign across West London Boroughs which saved councils £8 for each £1 invested. She adds: “At WRAP, we think that by 2025 it could be possible to prevent up to another 15 million tonnes of avoidable household food waste. This means that food worth a staggering £45 billion could be saved. If collectively, working together, we could do this, it would mean reducing avoidable UK food waste by half by 2025, compared to when we first started work in this area, in 2007.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements