ReFed-Sorting the Food Waste
| Case Code: BECG173 Case Length: 19 Pages Period: 2020 Pub Date: 2022 Teaching Note: Available |
Price: Rs.300 Organization: Rethink Food Waste Through Economics and Data Industry: Government & Non-Profit Organisations Countries: United States Themes: Sustainability, Environmental Sustainability |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
The Roadmaps
In 2016, ReFed launched “A Roadmap to Reduce U.S. Food Waste by 20 Percent”. It was developed in partnership with Deloitte, MissionPoint Partners, Closed Loop Fund, Resource Recycling Systems (RRS) and Natural Resources Defense Council (NRDC)..
ReFed Insights Engine
ReFed emphasized that the solution to food waste reduction would come through a thorough analysis of data in the field. At the same time, it realized that there was a scarcity of data regarding the true state of the situation, how the economy of the country was being affected by the problem, and the impact of solutions being implemented by other organizations. According to ReFed, the solutions to food waste reduction could be implemented only when they were backed by reliable data..
Capital and Innovation Team
The Insights Engine supported the Capital and Innovation team of ReFed as well. The Capital and Innovation team at ReFed had the task of organizing the $14 billion investment needed annually from public, private, and philanthropic capital till 2030 to implement food waste solutions. The team helped ReFed in offering advisory services to many funders and businesses. It helped the funders by educating them on investment opportunities in food waste. It also supported food businesses in selecting useful food waste solutions and connecting the food businesses with solution providers..
ReFed’s Response to Covid-19
ReFed carried out an extensive study of close to 100 food businesses, food recovery organizations, and related businesses to understand the impact of the COVID-19 pandemic on their businesses. ReFed also felt it necessary to do the survey to understand the barriers in the diversion of surplus food to people in need. The insights from the study also provided insights into how stakeholders in the food supply chain adjusted their business operations in times of crisis..
Other Partnerships of ReFed
ReFed was a resource partner for the Pacific Coast Collaborative (PCC) along with World Wild Life Fund (WWF) and Waste, Resources Action Programme (WRAP) and businesses to help develop and implement solutions to halve food waste by 2030 in the west coast of USA ..
Looking Ahead
ReFed brought together different stakeholders including businesses, non-profits, family funds, and governments to address the issue of growing food waste. The data-driven approach that ReFed took helped the stakeholders and consumers get a better understanding about the food waste and its impact on the environment. In a short span of time, ReFed was able to revolutionize the way in which the industry looked at food waste..
Exhibits
Exhibit I: World Hunger
Exhibit II: United Nations Sustainable Development Goals
Exhibit III: Food Loss and Food Waste
Exhibit IV: Past and Present Funders of ReFed
Exhibit V: The 27 Solutions in the Roadmap
Exhibit VI: EPA Food Recovery Hierarchy
Exhibit VII: Impact of COVID-19 on Food Waste
Exhibit VIII:
Tools in the ReFed Insights Engine
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