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Using collaborative tech to solve food waste

We are now at the halfway mark from September 2015, when the United Nations established and adopted Sustainable Development Goals for 2030. It is a useful time to stop and evaluate where we are at and determine what can be done in the near-term to protect the planet. 

The Goals represent an ambitious programme and one that will require a significant amount of work, if even some of the objectives are to be met before the deadline. One of the development goals, to achieve zero world hunger, has a considerable way to go, with 2020 seeing between 720 million and 811 million of the global population suffering from hunger, a significant increase from the previous year. 

One facet of reducing world hunger could come courtesy of tackling the food waste issue. According to the United Nations, around 14 percent of food produced globally, valued at $400B, is lost between harvest and retail, with an estimated 1/3 of total global food production wasted. 

In a world of such need, the inability to tackle such a fundamental issue must be addressed. One company that is looking to turn the tide on avoidable food waste is Crisp. The company analyses a live feed of retail data across the supply chain, empowering brands, distributors and retailers with actionable insights to keep shelves full and be proactive in reducing food waste. 

The company helps to provide every step of the supply chain with real-time visibility and connect thousands of data points across the supply chain to help brands, distributors, and retailers work together to correctly match supply and demand. 

That ability to help the retail industry keep shelves stocked and simultaneously eliminate waste could help eradicate an avoidable global issue and help to avoid the bullwhip effect. It is an all-too-common phenomenon in the supply chain, in which inaccurate information creates a buying pattern like the flick of a bullwhip. For example, a +/-5% change in consumer demand can impact upstream suppliers by as much as +/-40%. This means that suppliers are often operating with an inaccurate picture of actual consumer trends, often causing them to over-produce – which ultimately leads to waste.

The company envisions a zero-waste supply chain based on seamless collaboration and the ability to adapt to changing demand and supply patterns, as well as efficiently meet demand. Crisp Founder and Chief Executive Officer, Are Traasdahl, had this to say, "At Crisp, we believe supply chain inefficiency is the result of incomplete, disconnected information between suppliers, distributors, and retailers, which impedes the supply chain’s agility and ability to efficiently meet actual consumer demand." 

"This leads to empty shelves, lost profits, and tremendous waste. Access to real-time information will enable suppliers and retailers to produce and deliver the right amount of product gets to the right place to serve the customers who want it," said Traasdahl. 

The best case scenario would allow for an efficient food industry and one where the world's precious resources can be managed more efficiently and sustainably as food waste is brought under control. After all, It is believed that food waste contributes to about 8% of the world's greenhouse emissions. It makes topics like digital transformation, supply chain visibility, and retail collaboration more important than ever, as the world looks to leaders in Davos to tackle world hunger and climate change.

We are now at the halfway mark from September 2015, when the United Nations established and adopted Sustainable Development Goals for 2030. It is a useful time to stop and evaluate where we are at and determine what can be done in the near-term to protect the planet. 

The Goals represent an ambitious programme and one that will require a significant amount of work, if even some of the objectives are to be met before the deadline. One of the development goals, to achieve zero world hunger, has a considerable way to go, with 2020 seeing between 720 million and 811 million of the global population suffering from hunger, a significant increase from the previous year. 

One facet of reducing world hunger could come courtesy of tackling the food waste issue. According to the United Nations, around 14 percent of food produced globally, valued at $400B, is lost between harvest and retail, with an estimated 1/3 of total global food production wasted. 

In a world of such need, the inability to tackle such a fundamental issue must be addressed. One company that is looking to turn the tide on avoidable food waste is Crisp. The company analyses a live feed of retail data across the supply chain, empowering brands, distributors and retailers with actionable insights to keep shelves full and be proactive in reducing food waste. 

The company helps to provide every step of the supply chain with real-time visibility and connect thousands of data points across the supply chain to help brands, distributors, and retailers work together to correctly match supply and demand. 

That ability to help the retail industry keep shelves stocked and simultaneously eliminate waste could help eradicate an avoidable global issue and help to avoid the bullwhip effect. It is an all-too-common phenomenon in the supply chain, in which inaccurate information creates a buying pattern like the flick of a bullwhip. For example, a +/-5% change in consumer demand can impact upstream suppliers by as much as +/-40%. This means that suppliers are often operating with an inaccurate picture of actual consumer trends, often causing them to over-produce – which ultimately leads to waste.

The company envisions a zero-waste supply chain based on seamless collaboration and the ability to adapt to changing demand and supply patterns, as well as efficiently meet demand. Crisp Founder and Chief Executive Officer, Are Traasdahl, had this to say, "At Crisp, we believe supply chain inefficiency is the result of incomplete, disconnected information between suppliers, distributors, and retailers, which impedes the supply chain’s agility and ability to efficiently meet actual consumer demand." 

"This leads to empty shelves, lost profits, and tremendous waste. Access to real-time information will enable suppliers and retailers to produce and deliver the right amount of product gets to the right place to serve the customers who want it," said Traasdahl. 

The best case scenario would allow for an efficient food industry and one where the world's precious resources can be managed more efficiently and sustainably as food waste is brought under control. After all, It is believed that food waste contributes to about 8% of the world's greenhouse emissions. It makes topics like digital transformation, supply chain visibility, and retail collaboration more important than ever, as the world looks to leaders in Davos to tackle world hunger and climate change.

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Using collaborative tech to solve food waste

We are now at the halfway mark from September 2015, when the United Nations established and adopted Sustainable Development Goals for 2030. It is a useful time to stop and evaluate where we are at and determine what can be done in the near-term to protect the planet. 

The Goals represent an ambitious programme and one that will require a significant amount of work, if even some of the objectives are to be met before the deadline. One of the development goals, to achieve zero world hunger, has a considerable way to go, with 2020 seeing between 720 million and 811 million of the global population suffering from hunger, a significant increase from the previous year. 

One facet of reducing world hunger could come courtesy of tackling the food waste issue. According to the United Nations, around 14 percent of food produced globally, valued at $400B, is lost between harvest and retail, with an estimated 1/3 of total global food production wasted. 

In a world of such need, the inability to tackle such a fundamental issue must be addressed. One company that is looking to turn the tide on avoidable food waste is Crisp. The company analyses a live feed of retail data across the supply chain, empowering brands, distributors and retailers with actionable insights to keep shelves full and be proactive in reducing food waste. 

The company helps to provide every step of the supply chain with real-time visibility and connect thousands of data points across the supply chain to help brands, distributors, and retailers work together to correctly match supply and demand. 

That ability to help the retail industry keep shelves stocked and simultaneously eliminate waste could help eradicate an avoidable global issue and help to avoid the bullwhip effect. It is an all-too-common phenomenon in the supply chain, in which inaccurate information creates a buying pattern like the flick of a bullwhip. For example, a +/-5% change in consumer demand can impact upstream suppliers by as much as +/-40%. This means that suppliers are often operating with an inaccurate picture of actual consumer trends, often causing them to over-produce – which ultimately leads to waste.

The company envisions a zero-waste supply chain based on seamless collaboration and the ability to adapt to changing demand and supply patterns, as well as efficiently meet demand. Crisp Founder and Chief Executive Officer, Are Traasdahl, had this to say, "At Crisp, we believe supply chain inefficiency is the result of incomplete, disconnected information between suppliers, distributors, and retailers, which impedes the supply chain’s agility and ability to efficiently meet actual consumer demand." 

"This leads to empty shelves, lost profits, and tremendous waste. Access to real-time information will enable suppliers and retailers to produce and deliver the right amount of product gets to the right place to serve the customers who want it," said Traasdahl. 

The best case scenario would allow for an efficient food industry and one where the world's precious resources can be managed more efficiently and sustainably as food waste is brought under control. After all, It is believed that food waste contributes to about 8% of the world's greenhouse emissions. It makes topics like digital transformation, supply chain visibility, and retail collaboration more important than ever, as the world looks to leaders in Davos to tackle world hunger and climate change.

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