The Unnecessary Report 2024 is here! The 400 largest companies in the Nordics tie up unnecessary capital in goods equivalent to 23 billion euros which occupy a total of 8 million square meters of unnecessary storage space – enough to cover 31,000 tennis courts. By optimizing inventory management, businesses could free up valuable resources, cut costs, and support sustainability initiatives.
This year’s report highlights untapped opportunities within Nordic supply chains. Efficient inventory management and optimization can have a significant impact on a company’s profitability. According to the report, 8 million square meters of warehouse space is surplus, equivalent to 31,000 tennis courts. By implementing smarter supply chain management and optimization, companies can free up capital and reduce inventory and distribution costs. On average, the largest companies in the Nordics could free up around 58 million euros, while becoming more sustainable and efficient.
The report also reveals differences across sectors and countries. Sweden has the greatest economic potential, with 8.1 billion euros to release, equivalent to 1.5% of GDP. The Tech & Life Science sector is the most inefficient, with 33% of the inventory classified as unnecessary. Despite some progress, unnecessary inventory holding has increased by 16% since the report 2021 was launched, highlighting the need for action. Optimized logistics can also reduce carbon emissions and enable investments in sustainable initiatives.
These improvements have the potential to drive sustainability initiatives and create thousands of new jobs, building a brighter, more resilient Nordic future.
Want to learn more? Download the report here for free!
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