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Food Waste Has Become A “Platform For Commerce”

June 24, 2016: 12:00 AM EST
A growing number of entrepreneurs in the U.S. see profit opportunities in the 40 percent of the food supply that ends up in the trash. “Food waste,” says The New York Times, “is now a platform for commerce.” Among the latest ventures: Back to the Roots (sells mushroom- growing kits using coffee grounds}; EcoScraps (turns food waste into gardening products); Cerplus (links farms with waste produce to wholesalers); Harvest Power (processes organic waste into mulch and fertilizer); Food Cowboy (app connects rejected truckloads of fresh foods to charities}; and Liquid Environmental Solutions (processes waste water and used cooking oil). Some of these companies have been able to bootstrap their enterprises, but others have garnered millions in venture capital cash to get their businesses up and running.
Stephanie Strom, "New Crop of Companies Reaping Profits From Wasted Food", The New York Times, June 24, 2016, © The New York Times Company
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