Source: FORBES, 4/30/18

Food waste during the production process is costly to the environment and economically. According to a McKinsey & Company report in 2016 on how big data will revolutionize the global food chain,  about one-third of all food is lost during production each year globally in developing and emerging countries, while at the same time, 795 million people go hungry. Food loss and wastes cost about $940 Billion and have a carbon footprint of 4.4 Gt CO2-equivalent which is more than eight percent of global greenhouse-gas emissions.

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