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The United Nations Food and Agriculture Organization (FAO) highlights a staggering reality: approximately one-third of all food produced for human consumption is lost or wasted. That's a profound inefficiency with serious ethical, economic, and environmental repercussions. We throw out 74kg of food annually per man, woman and child on the planet, while two billion of the world’s people suffer from hunger or undernourishment.
Enter Wasteless, the AI-powered solution with a mission to dramatically reduce retail food waste. Wasteless employs a dynamic pricing system that adjusts the price of perishable goods in real-time based on their expiration date. The closer the product is to its expiry date, the lower the price, incentivizing consumers to purchase these items before they must be discarded.
The brain behind this innovation is a sophisticated algorithm that tracks inventory levels, sales patterns, and expiration dates, providing retailers with the optimum pricing strategy to minimize waste and maximize revenue. In essence, Wasteless is transforming the way supermarkets operate, turning potential waste into sold goods, benefiting both the environment and the economy.
Moreover, the company's efforts resonate with the ethos of sustainable development, directly addressing the urgent call to action embodied in the Sustainable Development Goals (SDGs). Wasteless is not just a profit-maximizing tool; it's a statement on responsible consumption.
With each food item sold and not wasted, Wasteless represents a hope that technology will not only advance business but also steward resources for future generations.
To learn more : https://youtube.com/shorts/G48mgeGtf7g?si=MlFHojGhxCpTQ5fA
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