The study gathered data from 52 previously published reports to develop an overall picture of the out-of-stocks situation on a global scale. The out-of-stock rate has not declined from earlier reports, although there have been advances in supply chain management, category management and inventory-tracking technology. The study found that the world average rate for out-of-stocks is 8.3 percent, with Southeastern Europe showing the highest out-of-stock rate at nearly 11 percent on average and Northwestern Europe with the lowest out-of-stock rate at an average of more than 7 percent.
Other key findings include:
The study, funded by a grant from The Procter & Gamble Company and conducted by researchers at Emory University, the University of St. Gallen and the University of Colorado, examined 661 retail outlets, 32 consumer goods categories and surveyed 71,000 consumers in 29 countries.
Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.
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