Smurfit Kappa has delivered a very strong first quarter performance with EBITDA up 25% year-on-year to €424 million. The improved result reflects higher corrugated pricing, demand growth, a relentless focus on cost efficiencies and the benefits of our capital programme. In Europe, SKG’s first quarter organic corrugated volume growth was 2% year-on-year, against a strong 2018 comparison, with corrugated pricing in line with expectations. In the Americas, organic volume growth was 3% year-on-year with especially pleasing performances in our three largest countries: Colombia, Mexico and the US. During the quarter, the Group completed acquisitions in Bulgaria and Serbia, further expanding its geographic reach. Click Read More below for additional information.
The issue of food waste is very real. Approximately one-third of food produced for human consumption is wasted globally and, in the U.S., nearly 95 percent of that food ends up in landfills or combustion facilities, according to the EPA.
While there is no single remedy to solving the problem of food waste, there are several steps that food processors and retailers can take to immediately improve operational efficiency and sustainability and reduce food waste.
In a recent report by the Food and Agriculture Organization (FOA) of the United Nations, the organization identified areas along the food supply chain where food waste occurs. The FAO report highlighted, for example, how improved technologies can help prevent food waste during the harvesting and processing phases of food production. It’s also known that advanced packaging technologies play an important role in ensuring the freshness and extending the shelf life of food, enabling retailers to better satisfy consumer demands and minimize food waste from farm to fork.