Supply chain costs make up around 55% of a product's cost ©  Fairfax Media via Getty Images
Supply chain costs make up around 55% of a product's cost © Fairfax Media via Getty Images

Supply chain waste costing Australia and NZ $1.72bn

29 June 2020

Supply chain inefficiencies are causing Australia and New Zealand to lose between 18% and 22% of fresh food produce at a cost of around $1.72bn, according to a report.

The State of the Industry report 2020, by the Produce Marketing Association Australia-New Zealand (PMA A-NZ) and commissioned by Ernst & Young, said supply chain costs amounted to roughly 55% of total product costs.

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