Helping grocery stores reduce food waste is a win-win: it's good for business and great for the planet. Food waste is a massive global problem: worldwide, food that never gets eaten accounts for 4 billion tons of C02 emissions and nearly 20% of clean water consumption. In US grocery stores, 40 billion dollars worth of food is thrown away each year.
Our forecasting technology drives substantial value. In pilots with regional chains, we have demonstrated reductions in waste and out-of-stocks that equate to greater than $100K profit increase, per store, per year.