Leveraging IoT in Food Supply Chains helps combat the Food Waste
Food services enterprises should have elasticity in an inventory of products while reducing food waste. A recent study by the Food and Agriculture Organisation of the United Nations (FAOUN) reveals that roughly 1.6 billion tons of food per year are either lost or wasted worldwide, resulting in annual losses of USD 1.2 trillion.
With ongoing resource scarcity and a ballooning global population, the UN has set a target to cut down on food wastage by half within the next ten years. But some IoT technology firms like
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