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In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

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Tesco and WWF have launched a new accelerator programme which aims to pair start-ups with Tesco suppliers to fast-track sustainability innovation in the supply chain.

The partnership aims to “cut the environmental impact of food and support UK food security”.

It comes as Tesco is calling on the UK government to “do more to unlock innovation in UK food supply chains and support innovations to market readiness, not just at the seed funding stage”.

It is asking the Government to set out timelines and processes for updating outdated regulations that hinder the scaling up of late-stage innovations such as insect protein in animal feed or sustainable low-carbon fertilisers, and to create incentives for businesses and consumers who are early adopters of new food system innovations.

Ken Murphy, Tesco Group CEO, said: “To deliver affordable, healthy and sustainable food for all, the entire food sector must innovate fast. That’s why, as well as driving improvements in our own operations, Tesco is collaborating with innovative suppliers and start-ups. But we also need government support, to help the food industry to scale proven innovations.

“The upcoming food strategy white paper is a great opportunity to transform our food system and enhance food security. We hope the paper will set out a process to update outdated regulations that hinder the scaling up of much needed innovations.”

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