Top Highlights

• A Spanish retailer ran a pilot with Wasteless which reported a nearly third less (32.7%) overall waste. Wasteless says its machine learning algorithms are developing all the time and are on track to hit an 80% reduction in food waste. That of course means higher revenues.
• That’s the challenge a tech start-up called Wasteless aims to meet. The company uses Artificial Intelligence to give retailers dynamic rather than fixed pricing for perishable food products.
• Research by the non-profit Re-Fed shows 34% of fresh produce that goes in the supply chain is never eaten. Dairy products and pre-prepared meals are also high on the list of foodstuffs that go to waste
• We throw out 74kg (163 lbs) of food annually per man, woman and child on the planet, while two billion of the world’s people suffer from hunger or undernourishment. In total 1.3 billion tonnes, or a third of all the world’s food produced, is wasted every year.
• UN incorporated a target of halving global food waste by 2030 into the Sustainable Development Goals.

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