Inaccurate data to cost Australian grocery supply chain over $1b

The total cost of inaccurate data in the Australian grocery supply chain will be $1.035 billion over five years, according to a major report by the not-for-profit supply chain standards and solutions organisation GS1 Australia. 

The GS1 Australia Data Crunch Report, a report for the retail grocery industry prepared by GS1 Australia in conjunction with IBM, highlights the impact of bad data on profits and consumer service in the Australian grocery industry.

The report has revealed that retailers are working with data that is inconsistent more than 80 per cent of the time.

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