Quantzig in the News: Big data “key to reducing food waste”, says new report
Quantzig is a global analytics and advisory firm that offers actionable insights for impactful decision making, customized solutions to fit exact requirements, and advanced visualization tools. Our objective is to bring together the best combination of analysts and consultants to complement our clients with a shared need to discover and build those capabilities, and drive continuous market excellence.
Supply Chain Digital mentions Quantzig in their July 13th article
“Rising costs of food wastage and legislation aimed at reducing the problem is motivating organizations to use big data in order to combat the issue.
The inaccurate forecasting of increasing consumer demand, which can lead to huge piles of wasted food, can be alleviated by analyzing waste streams and determining an “optimum inventory level”, according to Quantzig.
The analytics and advisory firm said: “Big data analytics helps in addressing business problems, benchmarking performance metrics and thereby implementing best practices across the organisation, improving efficiency and driving profitability.”
Such is the problem of food wastage – the United Nations has reported that approximately one third of food produced worldwide is wasted – some nations, including Italy and France, have ordered food retailers to donate food rather than throw it away.
Quantzig, which has worked with hundreds of companies in the food and beverage industry, has outlined key processes to manufacturers and retailers that should be adopted to address this issue in the food supply chain.”
Supply Chain Digital News: Big data “key to reducing food waste”, says new report
Read our complete blog on stopping wastage of food with analytics- new twist to an age old problem