Tesco launches online marketplace for suppliers

With food prices in the UK rising, supermarkets are under pressure to do more in terms of costs and waste avoidance. Tesco launched a new online marketplace for its suppliers called ‘Tesco Exchange’ where suppliers who have too much of a product – for example, crops, by-products, ingredients or packaging – can match with other suppliers that need it. They can also post requests for things they need and agree on sales with each other.