Reducing food waste wasn’t economical, until now.

50% of all bananas grown are never consumed. A full 33% of all food produced for human consumption is wasted. While decomposing food is one of the top contributors to global warming, 11% of the world population is hungry. 20,000 children are dying every day with causes related to hunger.

If human beings can build everyday commuter cars to efficiently travel over 10 Kilometers for every Liter of Fuel (25 MPG) at top speed with a full family inside, there must be a reason why we still waste 1.3 billion tonnes of our precious food every year.

RapidPricer — Contribution to Global Warming
RapidPricer — Contribution to Global Warming
If food waste was a country, it would be the third-highest emitter of greenhouse gases.

Necessity, they say, is the mother of all inventions. So the reason why cars got efficient lies in the fact that the scarce supply of oil (or the high price most countries have to pay for it) drives the innovation towards fulfilling the demand for more efficient cars. Food on the other hand isn’t scarce enough for the entire world to worry about efficiency. However, when we analyze the long-term impact of food waste impact collectively and realize that the price we are paying is not from our salaries but from the future of our next generation, we recognize the need for change. …

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Kiran Gange

Retail Pricing with Artificial Intelligence

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