From closing the supply chain for food to streamlining pricing data, Canadian companies are staking out their space for innovation
, which is dedicated to enhancing supply chain innovation, developed in partnership with MaRS.
One historically wasteful corner of the global supply chain is the food industry. About 58 per cent of the food produced in Canada is wasted each year, of which 86 per cent is lost along the supply chain, and about 45 per cent is avoidable, according to Vancouver-based startupThe B2B platform seeks to make it easier for food businesses in Canada to redistribute unused food to those in need.
“That’s the most exciting evolution in the supply chain, that there’s this new market segment that’s growing very quickly, and innovators and entrepreneurs that are using aspects of the supply chain that were waste products and recirculating them back into the supply chain, and making businesses out of it,” she says. “It’s freaking cool, and I’m very excited about it.”
“If food waste was a country, it would be the third largest contributor of greenhouse gas,” says Ms. Regan. “It’s really about removing the complexities to help businesses do the right thing.” “The issue isn’t creating the new thing; it’s packaging the old thing in a way that can be adopted,” explains Martin Sendyk, president and CEO of Lytica, which provides pricing data to the electronic components industry. The Ottawa-based startup was founded during the pandemic and it has seen steady growth year over year. According to Mr.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Kyle Nelson fights to controversial draw on UFC Fight Night cardCanadian featherweight Kyle (The Monster) Nelson fought (The Korean Superboy) Doo\u002Dho Choi to a controversial majority draw early Sunday
Read more »
LETTER: Private healthcare violates fundamental Canadian valuesFive principles of Canada Health Act are public administration, comprehensiveness, universality, portability and accessibility
Read more »
Canadian hitmakers vie for Grammys alongside some of pop music's biggest starsPop superstars Bryan Adams, Michael Buble and Drake could emerge Grammy Awards winners today, but it's the Canadian hitmakers behind the scenes who are chasing some of the top prizes.
Read more »
Suspected Canadian sex trafficker busted in Mexico, extradited homeAn accused Quebec pimp has been busted in Mexico and sent back to Canada for his alleged sex crimes.
Read more »
Canadian Kyle Nelson fights to a controversial draw on UFC Fight Night cardCanadian featherweight Kyle 'The Monster' Nelson fought 'The Korean Superboy' Doo-ho Choi to a controversial majority draw early Sunday on a UFC Fight Night card.
Read more »
Canadian Kyle Nelson fights to a controversial draw on UFC Fight Night card - Terrace StandardThe judges scored the bout 29-27, 28-28 and 28-28, resulting in the majority draw
Read more »