Technologies like food tracking and predictive analytics are being utilized to combat the annual waste of 1.3 billion tons of food, reducing greenhouse gas emissions and contributing to global sustainability.
Food waste is a pervasive issue that spans across the globe, affecting every corner of society. A staggering one-third of all food produced for human consumption worldwide, equivalent to 1.3 billion tons per year, is lost or wasted, as per the data from the Food and Agriculture Organization of the United Nations (FAO).
In the United States alone, approximately 80 million tons of food are unnecessarily discarded each year, translating to an astounding 149 billion meals and over $444 billion worth of food, as reported by Feeding America. This represents 38% of all food in America. The problem is not confined to just the US; it's a worldwide concern, with hundreds of millions of households struggling to meet basic dietary needs while a significant portion of food ends up in the trash.
According to Project Drawdown, wasting food not only depletes the energy, resources, and money devoted to its production, processing, packaging, and transportation but also depletes precious resources such as water, energy, land, fertilizer, labor hours, and financial capital. Simultaneously, it amplifies greenhouse gas emissions at every stage. About 8% of global emissions stem from discarded food.
To combat this pressing issue, numerous technologies and solutions have been developed and employed to curb food waste. Here's a closer look at some of them:
These technologies not only help reduce food waste but also contribute significantly to sustainability. By minimizing the amount of food that ends up in landfills, these solutions help reduce the greenhouse gas emissions associated with food production and waste. They also foster economic efficiency by maximizing the utilization of resources and reducing costs associated with overproduction and waste management. According to Project Drawdown, reduced Food Waste can avoid 88.50–102.20 gigatons of carbon dioxide equivalent emissions by 2050.
Several innovative companies are leading the charge against food waste. For instance,
Too Good To Go is a mobile app that connects consumers with local businesses to rescue surplus food.
Spoiler Alert is a B2B sales and supply chain software partnering with CPG brands to manage excess and short-dated inventory.
Afresh uses AI-based predictive analytics to optimize fresh food inventory for retailers, thus reducing food waste.
Flashfood is a mobile marketplace that allows grocery stores to sell high-quality, surplus food at steep discounts.
Misfits Market and Full Harvest are online platforms that sell 'ugly' produce that would otherwise go to waste because they don't meet traditional grocery store aesthetic standards.
Shelf Engine helps businesses increase sales by accurately predicting the perfect amount of perishable goods to order.
Phood and Hazel Technologies are also offering innovative solutions to minimize food waste.
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