Tesco has launched a new online platform designed to help suppliers swap excess stock while reducing waste and production costs.
Dubbed ‘Tesco Tinder’, the Tesco Exchange app matches suppliers who have too much of a product, such as crops, by-products, ingredients or packaging, with other Tesco suppliers that need it.
The initiative, which is being rolled out to more than 3,500 Tesco suppliers, is expected to reduce both production costs and waste by donating surplus stock or products to other suppliers who can make use of them.
Suppliers can also advertise surplus stock for sale, post requests for things they need and agree sales between each other.
The project is part of an ongoing programme led by Tesco to help its suppliers tackle waste.
By working directly with 107 of its global suppliers, the supermarket has helped reduce food loss and waste by 78,000 tonnes collectively.
The initiative supports Tesco’s ambition to halve food waste in its operations by 2025 and reach net zero across its entire value chain by 2050.
Sarah Bradbury, Tesco Quality Director said: “Excess stock or waste for one supplier could be a valuable commodity to another. By linking different farmers, producers and manufacturers together, our suppliers can find new ways to trim their bills, reduce waste and keep delivering great value for our customers.”