Small Companies, Walmart Teaming In War To Reduce Food Waste

Small Companies, Walmart Teaming In War To Reduce Food Waste

Roughly one third of the world's food is wasted, or about 1. 3 billion tons. Since food waste ... [+] represents about 10% of global greenhouse gases, reduction solutions are critical in the battle against global warming. The F&B industry helps feed the world every day, and technology is making the process more efficient, potentially boosting profits while reducing waste. But there's a long way to go. The industry still generates massive mountains of wasted product. Like most problems, however, this one is creating opportunities that can benefit the bottom line, the environment, and, in some cases, attract investment. Where some see waste, for instance, Bryan Fried, CEO and chairman of Pangea Global Technologies (PGT), sees ways to help, generating deals with Walmart that use tech to cut waste and grow income. The company inked a deal for four indoor farming locations, no more than 600 miles from Walmart's stores that use coordinated lighting, watering, and fertilizing systems and collect data on how plants are growing. Then PGT uses the data to optimize those features and reduce waste. The first thing to understand is the scale of the problem, and why it is fueling efforts to waste less and tap