Covid-19 is a wake-up call that's highlighted the urgency to fight the world's food waste crisis, experts and industry players told CNBC.
The firm developed an artificial intelligence-powered tracker installed in dustbins to measure and track all food waste. By learning in real time what and how much food waste was generated, chefs could take action to reduce the amount produced for certain dishes on the buffet line.
Yindii founder and French entrepreneur Louis-Alban Batard-Dupre described Bangkok's food waste situation as "catastrophic," where only 2% of food waste is recycled.64% of its 27.4 million tonnes of waste is made up of organic wasteMost of the food businesses we've met think they don't waste much. When they start making quick calculations of what 6% to 14% of extra revenues mean, we usually get a call back.Industry players themselves have highly underestimated the problem.
Back then, they were "shy to say they generate food waste because it reveals their stores don't sell out every day or because it's a dirty word," said Batard-Dupre. "But telling the world you're fighting for the planet is so much more powerful than trying to hide such a systemic problem every business has."Andrea Pistolesi | Stone | Getty Images
The slower we are to take action on climate change, the more we will see extreme weather and the greater the likelihood of zoonotic diseases — that could consequently increase food waste.More private-public partnerships will be key, where "enthusiastic small start-ups" can scale up with the help of technology and funding from the government, or work with big multinational corporations to plug the gaps, said Chen.
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