Profits With A Purpose

How Tech Is Fighting Food Waste

How Tech Is Fighting Food Waste

Food waste is a huge issue for Franprix, a French supermarket chain that operates some 300 stores. Like every other large supermarket chain, its stores get stuck with unsellable inventory that is still safely consumable. In the past the supermarket had to pay to haul away tons of food as garbage, at a cost not only to its bottom line but the environment.Enter Phenix, a venture capital-backed French startup, which is turning food heading for the trash into cash for Franprix and other clients, while simultaneously helping solve the UN’s Sustainable Development Goals (SDGs) and providing  meals for the needy. It is just one example of how large companies, startups and government can help solve the SDGs by working together.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.