Wasteless Revenue and Competitors

Wasteless is the world's first machine learning and real­time tracking solution for grocery stores to offer customers dynamic pricing based on product expiration date. We help retailers optimize markdowns, increasing their profitability substantially. A winner of numerous accolades, including from Kairos, Seeds & Chips, Emerce Best European Start-up, AGFunder and Foodbytes by Rabobank NYC, we primarily aim to repair the broken food system by pre-empting food waste. In fact, Wasteless more than halves waste in food retail, and increases the revenues through markdown optimization. Minimizing Food Waste is one of the most impactful measures against climate change, according to Drawdown.org. It can reduce carbon emissions by up to 70GTon over the next 30 years. Since supermarket waste is around 5% of total emissions, we're in the area that can have an effect of some 3GT reduced green house gas emissions ! For supermarkets, it's also a highly lucrative opportunity. BCG found that reducing food waste by supply chain optimization, and in particular dynamic pricing, is a global €100 Billion opportunity. Refed found that for US grocery retailers, food waste represents an $18.2 billion opportunity. On average, the value of wasted food in retail is equal to roughly double the profits from food sales. Waste prevention solutions such as markdown optimization have the highest profit potential. Indeed, our patented algorithm turns waste into profits, and what would normally be garbage headed to the landfill, into the carts of happy shoppers, that Spend Less, Wasteless. Let's get food waste out of our system. Join us in Refed, Friends of Champions123 or SamenTegenVoedselverspilling.