Investing $1 In Reducing Food Waste Can Be Cost-Effective For Companies

Dave Lewis, the CEO of supermarket chain Tesco and chair of the group Champions 12:3, has commissioned a report that proves companies curbing waste can actually save money. Researchers from the World Resources Institute and the Waste Recycling Action Plan have analyzed more than 1,200 food companies, hotels, supermarkets, and restaurants in 17 countries. Within their research, they've found that a $14 return on every $1 invested in food-waste prevention resulted in a 99% investment for companies. So, what was once a misconception--businesses not seeing waste reduction as being cost-effective, has now presented a brand new business opportunity which places more money in their pockets long-term. Read more here.