World Food Waste Totals $1.2 Trillion

World Food Waste Totals $1.2 Trillion

World food waste totals $1.2 trillion every year.

And using some common sense steps can reduce the amount greatly.

Those are the findings of a highly respected research firm, the Boston Consulting Group.

The scale of the problem is staggering.

“Each year, 1.6 billion tons of food worth about $1.2 trillion are lost or go to waste—one-third of the total amount of food produced globally.

To put the figure in perspective, that is ten times the mass of the island of Manhattan.”

And here is a key fact.

Almost 870 million people in the world don’t have enough food to eat.

But about one-third of the global food total supply ends up spoiled, thrown out, or wasted.

And the problem is only growing.

BCG estimates that by 2030 annual food loss and waste will hit 2.1 billion tons worth $1.5 trillion.

The report says the annual loss of $1.2 trillion could be reduced by $700 billion.

And that means not one group or government can make it happen.

World Food Waste Totals $1.2 Trillion

Instead everyone has to get involved.

The required groups are consumers, farmers, governments, companies and non-profit, voluntary citizens’ groups .

So what concrete steps can be taken to reduce the amount of wasted each year?

For starters, the key participants in the food supply chain don’t realize how much food is wasted each year.

So those groups have to be educated about how big the problem is.

But that lack of awareness comes at a big cost.

BCG estimates it at $260 billion.

“[People] often think that meats, fish, fruits, and vegetables are healthier when fresh than when frozen,” the report notes.

“That’s not necessarily true, plus, it leads to higher transport costs, more spoilage along the way, and goods with a more limited shelf life”, the report says.

Not enough food stays cold during shipping.

Here is the full report.


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