The Group, which comprises of commercial redistribution business Company Shop and social enterprise Community Shop, will use the funding to support its new Harnessing Harder to Reach Surplus project, aided by the creation of a new, specialist team of surplus intervention experts.
The Group’s trailblazing project is aimed at rescuing, re-purposing and redistributing the harder to reach surplus from higher up the supply chain. It will provide a solution that no other redistributor can, addressing the complex interventions necessary. This is valuable surplus stock that has not been redistributed, until now, due to the cost and complexity of accessing it.
The harder to reach surplus requires a more intensive intervention, which the Group has the five decades of experience, expertise and technical infrastructure to achieve.
The specialist team will spend the majority of their time working in manufacturing sites, alongside the internal manufacturing teams, to identify and provide practicable solutions for food safe product. Due to some barriers – be they financial, operational or other – these products are currently being identified as “waste” instead of valuable “surplus”.
Company Shop Group already handled more than 70 million surplus items in 2018 alone. With this additional funding, the Group can widen its reach and maximise its value which will enable it to: