Category: food waste

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...)

Grocery delivery startup Membo is hungry to build a Europe-wide, local food producer network



Estonia-based Membo — which is backed by Y Combinator and will be presenting at the incubator’s Summer 2021 Demo Day next week — is aiming to take a slice of the premium end of grocery shopping in Europe and a bite out of supermarket giants’ continued dominance of the traditional weekly food shop. 

On-demand food delivery in Europe is of course a highly competitive business with rapid-fire market moves and bursts of consolidation among app makers making a kind of sizzling startup stir-fry. Online grocery delivery, by contrast, tends to be a bit more sedate. Although there is some overlap, with developments like dark stores.

Interest in app-based grocery shopping also had an especially big boost during the pandemic — which has fired up consumer interest in doing the weekly shop online so that’s now driving more startup activity and capacity from supermarket giants trying to meet increased demand for online delivery.

Entering this fray is Membo — which, starting in Estonia, has built an app-based marketplace for local food producers to sell directly to consumers, cutting out other middlemen as the startup handles delivery logistics and billing.

Its service is live in the Estonian cities of Tallin and Tartu, currently. So most of us can merely oggle the mouth-watering fare for now.

Food producers display their wares in Membo’s app, which it likens to a virtual farmers’ market — allowing shoppers to browse (Read more...)