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Grocery sector can save 1bn

The UK grocery sector could save at least &pound;1bn over the next five years by improving the quality of product information shared between retailers and suppliers, according to a new report.<br /><br />The estimated opportunity for the industry to realise over &pound;700m in savings was found to fall into two main areas: avoiding shrinkage and eliminating workaround processes, such as manual investigations to cross check the accuracy of the data.