- Report estimates that 24% of all food in the U.S. — 54 million tons — goes to waste destinations
- Company’s natural treatments protect fresh fruit, vegetables from microbial spoilage and foodborne pathogens
- Save Foods products are reducing by 50% on average the rotten fruit at the retail level
According to ReFED, in 2019, 54 million tons of food was wasted in the United States alone (https://ibn.fm/ONc2n). Save Foods (NASDAQ: SVFD) is an agri-food tech company focused on creating solutions to food waste and loss, as well as food safety.
“Our food system is radically inefficient,” reports ReFED, a national nonprofit dedicated to ending food loss and waste across the U.S. food system by advancing data-driven solutions. “In 2019, the U.S. let a huge 35% of the 229 million tons of food available go unsold or uneaten. We call this surplus food, and while a very small portion of it is donated to those in need and more is recycled, the vast majority becomes food waste, which goes straight to landfill, incineration, or down the drain, or is simply left in the fields to rot.
“Overall, ReFED estimates that 24% of all food in the U.S. — 54 million tons — goes to these waste destinations,” the article continued. “That’s almost 90 billion meals’ worth of food that we’re letting go unsold or uneaten each year, roughly 2% of U.S. GDP. And the impacts of surplus food and food waste on our climate and environment are enormous, since food that is never eaten still requires resources to grow, harvest, transport, cool, cook or otherwise prepare – even when it ends up being disposed of.”
ReFED notes that food waste has been recognized as a global issue requiring immediate action, with numerous organizations and countries, including the United Nations, the U.S. government, European Parliament, and global business coalitions such as the Consumer Goods Forum, setting goals and pledging to cut food loss and waste.
Save Foods offers the first natural product with potential to actually replace the different chemicals with a maximum residue level used today while also addressing the challenges of both food waste and food safety. The company’s natural treatments protect fresh fruit and vegetables from microbial spoilage and foodborne pathogens that are responsible for decay and can cause foodborne illnesses, while leaving no harmful residues on the produce or in the environment.
“Fresh produces treated with our products can already be found in different supermarket chains across the U.S. and Europe where it was reported that Save Foods products are reducing by 50% on average the rotten fruit at the retail level,” the company reports. “With no need for additional steps or special equipment, our products are easy to implement and come in versatile applications suitable to the different stakeholders along the supply chain.”
Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agri-food-tech industry: food waste and loss and food safety. The company is dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life of both workers and the consumers alike.
SVFD’s initial applications are in post-harvest treatments in fruit and vegetable packing house processing citrus fruits, avocados, pears, bell peppers and mangos. By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods products not only prolong fresh produce shelf life and reduce food loss and waste, they also ensure a safe, natural and healthy product.
For more information, visit the company’s website at www.SaveFoods.co.
NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD
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