NetworkNewsWire
Editorial Coverage: Food waste is a major problem at multiple
levels, whether it has to do with the consumer, supply chain,
grocery or, ultimately at the food’s end of life, landfill. It’s a
problem that all too often goes ignored, unnoticed and underserved,
contributing negatively to food security, the environment and even
climate change. The amount of food waste in America alone is simply
mind numbing, weighing in at 133 billion
pounds and $161 billion worth of food in 2010. That means 31%
of all food produced annually is wasted. As a subcategory, 644 million tons of
fruit and vegetables, or 42% of total supply, is wasted
annually. In 2015, the U.S. Department of Agriculture ("USDA")
joined with the U.S. Environmental Protection Agency ("EPA") to cut
U.S. food waste by 50% by the year 2030. That seems an obtainable
goal when technology combines with focus and support. Technology
efforts include natural solutions to increase food longevity
offered by agri-food-tech Save Foods Inc. (NASDAQ: SVFD)
(Profile); focused efforts include
governmental support such as that offered by the USDA and EPA, as
well as industry assistance coming from major grocery chains such
as Walmart
Inc. (NYSE: WMT), Costco
Wholesale Corporation (NASDAQ: COST), Target
Corporation (NYSE: TGT) and Loblaw
Cos. Ltd. (TSX: L) (OTC: LBLCF).
- Reducing food waste is instrumental in meeting U.S. and global
carbon-reduction goals.
- Save Foods makes SavePROTECT and PeroStar, both all-natural,
eco-friendly products for treating fruits and vegetables.
- One study showed that treatment with Save Foods products
reduces decay rate.
- To date, more than 250,000 tons of fruits have been treated
with Save Foods products
Click here to view
the custom infographic of the Save Foods
editorial.
Save People, Save the Planet
Food waste is a social, humanitarian, economic and environment
concern. Understand that waste isn’t just what gets thrown away in
a kitchen, grocery store or hotel. It also includes product that
never leaves the farm or spoils during distribution. Collect those
billions of pounds of waste, and there are enough calories to feed
every undernourished person on the planet.
Now think about all the energy that was used, not to mention the
trillions of gallons of water, to grow, harvest, package and
transport the 133 billion pounds of fruit, vegetables, meat and
more that ultimately ended up in the Dumpster. If the United
States, along with the rest of the world, genuinely want to meet
carbon reduction targets by 2030, all involved need to take a close
look at food waste, considering it accounts for about 8% of global
emissions. According to Project
Drawdown, when accounting for deforestation for farmland and
annual adoption of plant-rich diets, reducing food waste by 50% to
75% by 2050 would reduce carbon dioxide emissions by up to 95.1
gigatons.
Against this backdrop, Save Foods Inc.
(NASDAQ: SVFD) is moving from nine successful pilot trials
with five commercial partners to sales of its products as it looks
to capture share in the $2.6 billion post-harvest treatment market.
The products are all-natural, treatments made from a proprietary
blend of food acids that reduce bacterial and fungal decay to
dramatically increase shelf life of fruits and vegetables.
Furthermore, the treatment leaves no harmful residues on the
produce or in the environment while maintaining freshness over
time.
Save Foods product ingredients are generally recognized as safe
by the Food and Drug Administration and are applied remarkably
easily using existing equipment commonly utilized in the industry
today, including sprayers, water tanks and foggers. While the
products are safe, they actually make foods safer by cleaning,
sanitizing and controlling pathogens on fresh produce. Better
still, they are OMRI compliant for use on organic crops too.
The Proof Is in the Lime
Save Food products have been commercially validated on citrus
fruits, mango, avocado, pears, bell peppers, microgreens and
various fresh-cut vegetables. Adding to the list, the company is in
the process of validating the process for bananas, apples, figs,
berries, lettuce, papaya and other fruits and vegetables.
A case study with a lime packing house supplying leading food
retailers in the United States and Europe put the protectiveness of
Save Foods products on full display. In the study, limes treated
with Save Foods technology were compared to untreated limes during
a 21-day shelf life. The decay rate for limes treated with the
current treatment limes was 4.6% across the time frame, which
dropped to only 0.4% for those treated, with Save Food — an
impressive 90% improvement. At a cost of $3,000 per ton of limes,
this bears out to a loss of $138, or an additional $126 in gross
profit, per ton. Considering that 10% of vegetables and 12% of
fruits are wasted at the retail level every year, extrapolation of
those figures results in tremendous savings for retailers across
multiple food lines.
First Green Product
To date, more than 250,000 tons of fruit have been treated,
demonstrating that Save Foods is the first green product with the
potential to efficiently and safely replace the hazardous chemicals
in use today. SVFD is already active in four regions with plans to
focus initially on the U.S., Mexico, Spain, Italy and Israel
markets.
These markets account for 85 million tons of produce annually,
including lettuce, bell peppers, mangos, apples, pears, avocados,
citrus fruits, papayas, tomatoes and bananas.
From Field to Fork
Because its products are applicable across the supply chain,
Save Foods is targeting a wide array of customers and partners. The
strategy includes building brand awareness with packing houses,
distributors and food retailers as well as establishing channel
partnerships with post-harvest service companies and collaborating
with large players to benefit from synergies.
Re-established only three years ago, Save Foods has evolved
quickly. Part of its success comes from developing partnerships
with international companies such as SiCar Farms, Mor
International, Sun Pacific owner of the Cuties brand, and 2B Fresh.
Just this month, SiCar Farms, a leading lime producer based in
Mexico that services U.S., Canadian and European markets, expanded
its use of SavePROTECT, SVFD’s post-harvest treatment. SiCar, which
grows Persian limes over more than 10,000 acres, has directed all
its packing houses to start treating company-grown limes with
SavePROTECT to provide customers long-lasting limes while
simultaneously helping to reduce waste.
This expansion cannot go understated for what it could mean to
Save Foods. SiCar not only grows its own products, but the company
also manages the packing and distribution of more than 100,000 tons
of Mexican-grown tropical fruits and vegetables at its packing
centers in Texas, California, Florida, Georgia and New Jersey.
In speaking to the new directive, SiCar Farms
President Luis Gudino said: “We were amazed by the quick
reaction by one of our customers, a major U.S. food retailer. Since
we started using SavePROTECT on our Persian limes, the major
retailer reported a five-day increase in shelf life. Internally, we
noticed a 50% reduction in rotten lime count.” It doesn’t
take an industry expert to recognize the upside if SiCar talks to
its other partners about the benefits of SavePROTECT.
Grocers Aligned to Eliminate Food Waste
It’s a bit of a head-scratcher why these massive amounts of food
waste don’t receive coverage on mainstream media when discussing
carbon-free emissions targets. Perhaps food waste isn’t as sexy as
talking about everyone driving an electric vehicles. However, the
lack of attention on the political side doesn’t mean that companies
aren’t actively working to reduce food waste for all the reasons
mentioned above, which deserves recognition as it not only will
help profits, but also help the world prosper.
Walmart Inc.
(NYSE: WMT), the world’s biggest retailer, has multiple
initiatives in place to break the link between consumption and
waste. In fact, Walmart has
a stated goal to achieve zero waste in its operations in key
markets, including the U.S., U.K., Japan and Canada, by 2025.
Through its Project Gigaton, Walmart encourages its suppliers to
measure and report food waste; introduce practices for
reprocessing, donating and recycling; and standardize date
labeling.
Costco Wholesale
Corporation (NASDAQ: COST), one of the largest wholesale clubs
in the world, also understands the contributions it can make to
reducing food waste. Reducing
waste at landfills is a priority, with the company starting to
track its diversion rate in 2018 on a quest to divert 80% of the
waste generated within its global operations away from landfills.
The diversion rate has risen incrementally from 71.4% in 2018 to
75.7% in 2020.
Target
Corporation (NYSE: TGT) has committed to be a net zero
enterprise by 2040 and remains active with disclosing its carbon
emissions annually with the CDP. The company works consciously to
design waste right out of operations. When that is not possible,
Target
avoids sending trash to the dump as much as possible. In 2020,
Target diverted 80.1% of its operational waste from the
landfill.
Loblaw Cos. Ltd.
(TSX: L) (OTC: LBLCF), a major Canadian grocery chain operator
with 22 regional and market segment banners, is rolling out a plan
to reduce or divert the waste it produces by 50% by 2025, measured
against 2016 baseline results. In 2019, Loblaw diverted
nearly 3.4 million kilograms (7.5 million pounds) of bakery food
waste from 129 Ontario grocery stores to produce animal feed for
use at local farms.
It’s a slow grind, but we’re always moving towards a circular
economy. Reshaping the current food-waste paradigm is
part-and-parcel to creating a better planet because inefficiencies
are a drain on natural resources and waste of energy, expenses and
emissions. It’s great to see new technologies being embraced and
ongoing efforts from some of the world’s biggest retailers to
contribute as stewards to Earth for coming generations.
For more information about Save Foods Inc., please visit
Save
Foods Inc.
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