ReFED’s roadmap to reduce US food waste has been saved
Analysis
ReFED’s roadmap to reduce US food waste
Rethinking food waste through economics and data
Food waste costs retailers, restaurants, and food service providers almost $2B in potential profits every year. In a world of shrinking margins and more vulnerable supply chains, it’s crucial for food businesses to identify where food waste happens in their value chains. There’s an enormous profit recovery opportunity for those that take steps to reduce it. To help them, Deloitte and ReFed teamed up to produce the Roadmap, a thorough, step-by-step plan to quickly cut 20 percent of food waste and put the US on track to reduce food waste by 50 percent by 2030.
A feasible path to reducing food waste
More than just an academic research report, the Roadmap to reduce US food waste, is a playbook to coordinate and guide key food sector stakeholders—corporations, nonprofits, foundations, policymakers, entrepreneurs, and investors—on a feasible path to reducing food waste. It was developed to identify the most cost-effective solutions to cut food waste at scale, to define research priorities, and to spur multi-stakeholder action.
The problem:
Today, the United States spends over $218 billion–1.3 percent of GDP–growing, processing, transporting, and disposing of food that is never eaten.
The roadmap:
ReFED envisions a future where combating food waste is a core driver of business profits, job creation, hunger relief, and environmental protection.
Deloitte's contributions:
Deloitte Consulting LLP and Resource Recycling Systems (RRS) led the economic analysis and core technical drafting of the Roadmap.
Deloitte Consulting LLP’s Sustainability offering works with clients to find new opportunities and manage risks by bringing expertise in energy, waste, and materials to both operations and supply chains. By leveraging this technical knowledge along with industry expertise and leading analytics solutions, Deloitte’s Sustainability offering has helped clients execute strategies that have led to more than $3 billion in value.
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