RELEX Solutions, provider of unified retail planning solutions, has been selected by Supply & Demand Chain Executive as a recipient of an SDCE Green Supply Chain Award for 2018.

The Green Supply Chain Awards recognize providers of supply chain solutions who assist their customers in achieving measurable sustainability goals within their operations and supply chains. They also recognize companies making sustainability a core part of their supply chain strategy.

In developed countries, the food wastage resulting from poor supply chain operations contribute greatly to the 2.9 trillion pounds of food that goes to waste each year globally. About 43 billion pounds of food — about 10% of the available supply — is lost each year as a result of inadequate forecasting and replenishment practices in food retail in the US. Technology can help food retailers prevent both food wastage and revenue loss by cutting stock levels by up to 30% and reducing fresh spoilage by up to 40%.

“This year’s award recipients place a critical emphasis on green initiatives within their companies and supply chains,” says John R. Yuva, editor for Supply & Demand Chain Executive. “Entries provide examples of innovative approaches and impressive metrics of sustainability programs. We congratulate this year’s honorees for their commitment to sustainability and recognize their tremendous achievements,” Yuva adds. “Our honorees serve as role models for supply chains globally to expand their reach and impact of green leadership.”

“We believe that companies have a social responsibility to reduce food waste wherever possible,” said Michael Falck, RELEX President of North America, “but the food retail supply chain is, unfortunately, among the largest contributors to the problem. We’re proud that our forecasting and replenishment solutions are able to reduce fresh spoilage so significantly — both helping our customers reach their business goals and ensuring that less food ends up in landfills.”