Tackling food waste to boost the economy

Food waste is an issue with a profound impact on the Australian economy, costing around $36.6 billion annually according to government estimates. Waste Sense, provider of waste management services Melbourne-wide, predicts that this problem is faced globally and is not unique to Australia.

It occurs at every stage of the food supply chain, from production and processing to distribution and consumption. It is estimated that around 7.3 million tonnes of food are wasted in Australia every year — equivalent to throwing away one in every five bags of groceries, according to Waste Sense.

Wasted food contributes to greenhouse gas emissions and uses up land and water unnecessarily. It is estimated that 2 million Australians rely on food relief every year, making food waste a significant social concern issue.

The Australian Government has taken many steps to reduce waste across the supply chain. In 2017, the National Food Waste Strategy was launched with the aim of halving Australia’s food waste by 2030. The strategy focuses on four key areas: improving the supply chain, engaging with consumers, supporting innovation and research, and driving behaviour change.

The Love Food Hate Waste campaign is one initiative under the Strategy which aims to raise awareness about the issue of food waste and provides practical tips and advice to reduce food waste at home.

For businesses, the Food Donation Tax Incentive was introduced in 2020, allowing them to claim a tax deduction for donating food to registered charities and food relief organisations.

According to Waste Sense, there are a number of actions that can be taken to reduce food waste for both businesses and individuals. Businesses can improve inventory management and implement better supply chain practices, while individuals can plan meals and buy only what they need.

With a comprehensive and collaborative approach, Australia can reduce food waste across the supply chain and make a positive impact.

Image credit: iStock.com/Roman Mykhalchuk