How Major Food Companies Deal With Excess Stock

Major food manufacturers often have to deal with excess stock in order to maintain efficient inventory management and prevent losses. Some common ways they deal with excess stock include:

1. Selling to discount stores: Food manufacturers can sell their excess stock to discount stores or “big box” retailers at a reduced price, rather than letting it go to waste.
2. Donating to charity: Many manufacturers will donate their excess stock to food banks, shelters, or other charitable organizations.
3. Selling to other countries: Food manufacturers can also sell their excess stock to other countries where demand may be higher.
4. Repackaging and relabeling: Some manufacturers may repackage and relabel their excess stock to extend its shelf life and make it more appealing to consumers.
5. Rebranding: Manufacturers may rebrand their excess stock to a different brand or to a store brand for more sales
6. Frozen storage: Some manufacturers store their excess stock in frozen storage until they have a demand for it.
7. Discount sales: Manufacturers can hold discount sales to clear out excess stock.

It’s important to note that each case is different and the solution chosen will depend on the product, its expiration date, the quantity and the cost of the solution.

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Call Mark today on 0418 321021 or email mark@stocksolutions.com.au