Cosmetics industry: Refreshing the approach to waste and overproduction
Waste and overproduction are among the issues facing the beauty and cosmetics industry. Avery Dennison’s report
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Waste and overproduction are among the issues facing the beauty and cosmetics industry. Avery Dennison’s report
Ever the trend-setters, the French have moved first on fashion sustainability legislation. Avery Dennison discusses.
From the blog of Ben Rothke at The Times of Israel
Overproduction and waste are exacerbating the supply chain crisis and hitting businesses to the tune of 3.6 percent of their annual profits as nearly 8 percent of stock perishes or is discarded. This significant loss includes 4.3 percent of stock that spoils in the supply chain before it even reaches the shelf with a further 3.4 percent discarded due to overproduction. This
New research from Avery Dennison suggests US$15.3bn is lost as a result of supply chain waste stemming from stock inefficiencies.