L.I.T. Food Waste Prevention Tech

Gallery L.I.T. Food Waste Prevention Tech  1
Gallery L.I.T. Food Waste Prevention Tech  1
September 2020
Headquarters Bang Rak, Bangkok 10500, Thailand
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L.I.T. Food Waste Prevention Tech - Agile tech solution for commercial kitchens willing to track and reduce food waste and associated costs at multiple locations.

One third of all the food produced for human consumption is wasted every year. These 1.3 billion tons of food would be enough to feed 3 billion people.

Food waste has also a huge environmental impact, knowing the carbon, water, chemical and land footprint of agriculture. From an economic perspective, the BCG estimates that this global food waste issue is worth $1.2 trillion but represents in the other hand a $700 billion opportunity. Misunderstanding about the financial/social/environmental impacts of food waste by food professionals explains why so much is still wasted, and this misunderstanding is intrinsically linked to a lack of tracking. A cost-effective food waste monitoring system, helping to answer the key questions pertaining to this issue (how much is wasted, when, where, what it is, why, and how much it costs), will help overcome this . This newly available information is the knowledge needed to bring change in operations.

Key features

  • Reduce food waste by 25 to 35%
  • Raise awareness of employees on this global issue

Profitability

  • 5% reduction in cost per cover
  • 3-5% reduction in overall food purchase
  • Waste hauling costs reduction

Categories of Application

Company Profile

Maturity Stage

  • Medium and large scale commercialization
  • Small scale commercialization
  • Initial market commercialization
  • Prototype testing in the real world
  • Prototype testing 1:1 in the lab

Looking For

Activity Region

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  • Headquarters
  • Activity

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