“Food waste is an ethical problem. Globally, 1.3 billion tons of food go to waste, while 1 in 11 people —nearly 690 million— face hunger. Food waste is also an economic and environmental problem. Resources that go into producing uneaten food, like labor, natural resources, and fertilizer, are wasted.
So the bad news is there’s a long way to go when it comes to reducing food waste. But there’s also opportunity and potential for innovation. The food waste market is valued at nearly $47 billion, according to a 2019 report from Future Market Insights.
Companies across sectors are involved in finding solutions to food waste, according to Alexandria Coari, vice president of capital, innovation, and engagement at food waste nonprofit ReFED. That’s because food is wasted at every stage of the supply chain, from when it’s first produced on farms to when it’s consumed (or rather, not consumed), and every step in between.”
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