GS1 UK and Nielsen Brandbank have signed a collaboration agreement aimed at increasing the standardisation of product data and delivering supply chain efficiencies.
Focussed on the UK grocery sector, the two organisations stated that the tie-up supports the continued expansion of GS1 UK’s productDNA service, launched in 2018, to enable the sharing of B2B and B2C product data, and promote adoption of the platform to improve product data quality and reduce complexity and costs.
It also recognises the contribution made by Nielsen Brandbank to power the UK grocery e-commerce sector through its provision of digital product content to the industry.
When converting the widespread use of productDNA into measurable results, similar systems implemented by companies overseas have allowed them to increase their sales figures by up to 3%.
GS1 UK and Nielsen Brandbank stated that they look forward to sharing with their members and clients how this will benefit them.
Anne Godfrey, Chief Executive of GS1 UK, commented: “During these unprecedented times, it is now more important than ever for us to be providing increased support to retailers and suppliers to stabilise trade in the UK.
“Promoting industry’s use of our standardised platform, productDNA, will help to reduce the costs and errors that can arise with B2B and B2C product data. We are confident that our collaboration with Nielsen Brandbank will bring tangible benefits to businesses across the UK.”
Mike Nickituk, Global Managing Director of Nielsen Brandbank added: “The global pandemic has been evidence to why the distribution of accurate and consistent B2B and B2C product data is essential for the UK grocery industry. Nielsen Brandbank plays a critical role for our clients by ensuring they succeed on the physical and digital shelf, by easily connecting shoppers to the most up to date and relevant digital product content.
“We are pleased to have signed a collaboration agreement with GS1 UK to contribute a vital role to the success of the productDNA industry initiative.”
