This article was originally published on McKinsey&Company.

“…Cutting postharvest losses in half would produce enough food to feed a billion more people. Global food waste and loss cost $940 billion a year, have a carbon footprint of 4.4 Gt CO2-equivalent (more than 8 percent of global greenhouse-gas emissions), and a blue-water footprint of about 250 cubic km (3.6 times the annual consumption of the US). In 2007, the amount of food wasted globally equated to 1.4 billion hectares—an area bigger than Canada—of agricultural production.

Using technology to improve areas such as climate forecasting, demand planning, and the management of end-of-life products could bring enormous social, economic, and environmental benefits. For example, the French start-up Phenix runs a web-based marketplace to connect supermarkets with end-of-life food stocks to NGOs and consumers who could use them. The platform enables the supermarkets to save the costs of disposal, gives consumable products a second life, and alleviates some of the social and environmental burden of waste…”

Read on at: McKinsey&Company.