Staggering Price Tag Assigned to Food Waste

Would you believe that one-third of the food produced worldwide goes to waste each year?  According to Boston Consulting Group, that’s the case, and it could reach 2.1 billion metric tons worth $1.5 trillion by 2030.

Andrew Shakman saw that measuring the leftover unprepared food waste in commercial kitchens is one effective approach in preventing food waste. To that end, he founded Leanpath, a waste prevention system that combines hardware, software and behavioral education.

Shakman believes waste happens because people don’t want to run out of food, so his company aims to drive cultural change by educating and engaging frontline workers.

Two notable subscribers to the Leanpath system are Sodexo and Google.  Leanpath has helped Google save over 4 million pounds of food waste in corporate dining; and across 300 sites in different countries and market segments, Sodexo was able to trim food waste in half and generate $6 for every $1 it spent on Leanpath’s services within one year. You can read the complete article about Food Waste here.