Podcast: Travin Singh explains how reducing food loss helps improve profitability
It is possible to add revenue lines with up-cycled products
- Food upcycling adds to the revenue of food, retail and hospitality companies.
- An upcycled product (made from food that would have lost) can cost more than a “normal” one but, like with every other clean technology, prices come down with scale.
- It does not take that much time to get a product out into the market using existing ingredients.
- Replacing ingredients with locally available material is harder and takes more developmental effort.
- Reducing local food waste to replace products (that is possibly imported) goes a long way in reducing carbon emissions but may make the business less scalable.