With roughly one-third of all food produced globally lost or wasted, the food industry is pivoting towards sustainable practices aimed at curbing these losses. In this episode of the Xtalks Food Podcast, Sydney talks about how different sectors within the food industry are combating food waste on Stop Food Waste Day 2024 and beyond. For example, tech companies are creating software and systems that help restaurants and food producers optimize their inventory and Grocery chains are also revising their supply chain practices. Upcycling, turning by-products or waste materials into new, high-quality products, is another innovative approach gaining traction. The hospitality sector, including hotels and resorts, is also making substantial strides by implementing programs that analyze and improve food preparation and consumption patterns. The team wonders whether tech innovations like AI and blockchain can make a significant impact in cutting food waste across the supply chain.  Also in this episode, Sydney talks about the Business Benchmark on Farm Animal Welfare’s (BBFAW) recent report, which evaluated 150 prominent food companies and assigned the majority a low-performance impact rating due to their poor animal welfare practices. According to the report, approximately 95 percent of food companies worldwide recognize farm animal welfare as a central business issue. Despite this, none have reached Tier 1 ‘Leadership’ status in the BBFAW rankings. Many of the largest food companies, including Mars, Mondelez International and Starbucks, show no evidence of farm animal welfare on their business agendas, with Tier 6 rankings. Companies like Domino’s Pizza and Yum China Holdings are yet to even publish a formal farm animal welfare policy. The team posits that consumers shouldn’t have to pay a premium for ethical animal products, but rather that it should be the standard.   Read the full article here:  Stop Food Waste Day 2024: The Food Industry’s Role in Reducing Waste:https://xtalks.com/stop-food-waste-day-2024-the-food-industrys-role-in-reducing-waste-3798/ Farm Animal Welfare: Global Food Companies’ Challenges and Slow Progress:https://xtalks.com/farm-animal-welfare-global-food-companies-challenges-and-slow-progress-3807/ For more food and beverage industry content, visit the Xtalks Vitals homepage. https://xtalks.com/vitals/  Follow Us on Social Media Twitter: https://twitter.com/XtalksFood Instagram: https://www.instagram.com/xtalks/ Facebook: https://www.facebook.com/Xtalks.Webinars/ LinkedIn: https://www.linkedin.com/company/xtalks-webconferences YouTube: https://www.youtube.com/c/XtalksWebinars/featured