GS1 UK highlights a golden opportunity to enhance the consumer experience through improving product information in the supply chain
Industry data standards to help manage four fold increase in retail product information
Opportunity to realise £1 billion in savings and sales over the next five years
GS1 UK’s Data Crunch report estimates that UK grocery retailers and suppliers can realise significant savings over the next five years as data inconsistencies are ironed out across the industry. These benefits can be passed on to consumers through better informed choices and improved shopper experience. The report also reveals the existing business opportunity for retailers and suppliers to address the issue of increased demand for better product information from consumers, governments, regulators and pressure groups.
Gary Lynch, Chief Executive, GS1 UK interview on Strictly Money, CNBC Europe
