AI to Reduce Food Waste
- 200 crore people suffer from hunger or undernourishment.
- One-third of the food produced is wasted every year around the world.
- On average, each of us wastes 74 kg of food every year.
- Reducing food waste by 50% by 2030 is one of the United Nations Sustainable Development Goals.
- Perishable The Oxford Dictionary defines this word as (especially of food) likely to decay or go bad quickly
- The majority of food waste happens because it perishes.
- It gets spoiled before consumption.
- Fruits, vegetables, meat, etc. may rot right on the farm or transportation or in the grocery stores.
- Suppose you went to a supermarket to buy paneer and found that it expires in 3 days.
- Most of us would choose to buy an alternative. This leads to wastage.
- To encourage sales in such cases, discounted pricing is a good option.
- Because paying the same price for food that expires soon doesn’t make sense.
AI reduces food waste - A startup called Wasteless is using AI to help supermarkets to create dynamic pricing and reduce food waste.
- The startup says it is on track to hit an 80% reduction in food waste.
- This also means higher revenues for food sellers.
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