Category: food innovation

The Enormous Scale of America’s Food Waste



The following content is sponsored by Global X ETFs.

 

Global X KROP ETF

The Briefing

  • 80 billion pounds of food are wasted every year in the U.S.
  • The majority of waste is created by households and retailers

The Enormous Scale of America’s Food Waste

Every year, 30% to 40% of food produced in the U.S. is either lost or wasted.

This waste occurs throughout the entire supply chain, though the majority of it occurs in downstream channels like households and retailers. Overall, 80 billion pounds of food is wasted each year, representing 242 pounds of food per person.

In this graphic sponsored by Global X ETFs, we highlight some of the most alarming facts regarding food waste in America.

Tracking Food Waste

The following table, using data from Recycle Track Systems (RTS), breaks down the sources of America’s food waste.

CategoryPercentage of total waste (%)
Households43%
Restaurants, grocery stores, food service companies40%
Farms16%
Manufacturers2%

Percentages may not add to 100% due to rounding.

Surprisingly, households are the biggest source of food waste. One reason for this is people’s habit of overbuying, which naturally leads to large amounts of food going bad.

Another culprit is the lack of standardized packaging—it’s estimated that over 80% of Americans discard edible food because they misunderstand the expiration labels. Consumers should note that such labels are not regulated by the U.S. Food and Drug Administration (FDA).

The second biggest component of food waste is retailers such as grocery stores. According to the (Read more...)

An Investor’s Guide to AgTech & Food Innovation



The following content is sponsored by Global X ETFs.

Global X KROP ETF

An Investor’s Guide to AgTech & Food Innovation

The global food system is under immense pressure due to three overarching trends:

  1. Population Growth
    This naturally leads to an increasing demand for food. By 2060, the UN expects the global population to reach 10 billion people.
  2. Limited Capacity of Existing Agriculture
    Existing farming methods are very resource intensive and production has already been pushed to the brink. The UN predicts that by 2050, food production will need to increase by 70%.
  3. Unsustainable Consumption
    The world is consuming unsustainable amounts of food, particularly in terms of meat. While livestock accounts for 80% of agricultural land, it supplies just 18% of the global calorie supply.

As these trends collide, agriculture technology (AgTech) and food innovation are emerging as two possible solutions. This infographic from Global X ETFs will explain both.

The Major Themes of AgTech

AgTech is the use of technology to maximize crop yields while conserving water and land. Here is a quick explanation of its segments.

Precision Agriculture

Precision agriculture is the integration of artificial intelligence (AI) and the internet of things (IoT) into traditional farming practices. These technologies can provide farmers with more data, which in turn can be used to boost efficiency.

One example is the John Deere See & Spray machine, which uses various sensors to detect where weeds are. By only spraying weeds, farmers can reduce their herbicide use by up to 77%.

Robotics & Automation

Robotics (Read more...)