A collaborative project between grocery retailers and brands has been established to improve supply chain efficiencies and customer experience across the sector.
The new Retail Grocery Advisory Board has among its members shops including Asda, Boots and Morrison’s, and brands such as Coca Cola, Nestle and P&G. It will be facilitated by non-profit and barcoding organisation GS1.
GS1 said the board would identify areas where members collaborate to address “some of the challenges and pain points” the sector faces, including the rise in online and mobile shopping. It claims the board’s membership represents almost 80% of the UK retail grocery market.
One of the board’s first two projects will focus on improving data quality in the industry. “Analysis has shown that there is a £2bn opportunity by improving data in the value chain to support product availability and sales,” said GS1.
It will also aim to establish industry-wide logistical processes to “drive efficiencies while removing avoidable costs”.
George Wright, commercial director for strategy and operations at Tesco PLC and co-chair of the board said: “Retail today is hugely complex and competitive, but our aim is to work together to find solutions that will bring greater efficiencies to the industry.”
Wright co-chairs the board alongside Unilever’s customer director, Richard Sadler.
“[The board] aims to tackle some of UK’s most challenging data quality standards issues,” said Sadler.
When asked, neither Tesco nor Unilever commented on how the collaboration would work. “It's still early in the process,” said a spokeswoman from Tesco.
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