About the company
Type
Startup or self-employed
Members type
innovator
Headquarters
Alma Beach, Kaufmann St 7, Tel Aviv-Yafo, Israel
Company size
18
Founders
Oded Omer, Yossi Regev
Founded
2016
SDG's
Industry, innovation and infrastructure
Responsible consumption and production
Website
wasteless.co
Alliance member
Wasteless
Wasteless reduces Food Retail’s food waste, increasing a grocer’s bottom line optimizing markdowns based on expiry dates
Wasteless - Pricing Engine

Description
Supermarkets sell more, waste less; dynamic pricing lets consumers choose what to pay t based on its expiration date
Available in
Western Europe, Canada, United States, Hong Kong, China, Japan, Ireland, Denmark, Sweden, United Kingdom, Norway, Finland, Spain, Portugal, Italy,
Categories of application
Responsible consumption and production
Sector of application
Circular economy of solid wastes
Status
Implemented
Wasteless

Description
Food retailers slash food waste, boost profits, with Wasteless' optimized prices for perishables of shorter expirations
Wasteless is Food Retail’s turn-key food waste reduction solution, that increases a grocer’s bottom line, by optimizing markdowns based on expiry dates. Supermarkets sell more and waste less with Wasteless; leveraging optimized markdowns, consumers get to choose how much they want to pay for a product based on expiration dates. Wasteless continuously monitors stock levels to alert for out-of-stock. Wasteless recaptures lost revenue opportunities including cost of Food Waste and out-of-stock, decreases labor cost and creates new revenue opportunities by increasing product availability. Reducing food waste is considered the 3rd most impactful measure to reverse climate change (Drawdown.org). 40% of food produced ends up in landfills, making it the single largest CO2 emitter. Repairing the food system, through efficient supply chain management - specifically dynamic pricing- is a $120B opportunity according to a recent BCG study. With a light integration, on top of the existing IT infrastructure, Wasteless eradicates food waste in retail. Food Waste cost, according to ReFED, add up to double all profits from fresh products. Without this food waste, retailers could more than double their bottom line. With data, we deliver a Triple Bottom Line: Boosting Revenues, Slowing Climate Change, Increasing Food Security.
Available in
Western Europe, Canada, United States, Sweden, Norway, United Kingdom, Denmark, Italy, Spain,
Categories of application
Industry, innovation and infrastructure
Sector of application
Industrial processes, End-of-pipe industrial pollution management
Status
Implemented