Member - Wasteless

Wasteless reduces Food Retail’s food waste, increasing a grocer’s bottom line optimizing markdowns based on expiry dates

Type Startup or self-employed
Founder 2016
Company Size 18
Member Type
Innovator
Founders Oded Omer, Yossi Regev
Headquarters Kaufmann St, Tel Aviv-Yafo, Israel
Social network

About

Wasteless is targeting the retail sector in its fight to minimize food waste across the world with its sophisticated pricing system. While retailers may take a few years to upgrade their outdated inventory systems and implement meaningful change in their practices, Wasteless is already providing an immediate solution for this pressing issue.
Headquarters Kaufmann St, Tel Aviv-Yafo, Israel

SDG’s of application

The Sustainable Development Goals are a call to action to end poverty, protect the planet and ensure peace and prosperity everywhere.
SDG 6
Clean Water and
Sanitation
SDG 6 icon
SDG 7
Affordable and
Clean Energy
SDG 7 icon
SDG 9
Industry, Innovation
and Infrastructure
SDG 9 icon
SDG 11
Sustainable Cities
and Communities
SDG 11 icon
SDG 12
Responsible Consumption
and production
SDG 12 icon

Offers from Wasteless

Other products

Available inWestern Europe, Canada, United States, Hong Kong, Japan, China, Norway, Sweden, Ireland, United Kingdom, Finland, Denmark, Italy, Spain, Portugal, Categories of applicationResponsible consumption and productionSector of applicationCircular economy of solid wastes Status Implemented

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.

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Available inWestern Europe, Canada, United States, United Kingdom, Sweden, Denmark, Norway, Spain, Italy, Categories of applicationIndustry, innovation and infrastructureSector of applicationIndustrial processes, End-of-pipe industrial pollution management Status Implemented