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Selling unwanted food at a discount, a growing trend you may want to bite into
Key Excerpts from Article on Website of CBC (Canada's public broadcasting system)
Posted: August 14th, 2016
http://www.cbc.ca/news/business/leftover-food-flashfood-app-...
It's a dirty little secret in the food industry that plenty of goods wind up in the trash. As the world's population grows, so does the pressure to tackle the problem. This week, Italy passed new measures to curb food waste. It will now be easier for businesses to donate surplus food and easier for customers to request a "doggy bag" in restaurants - currently not a widespread practice in Italy. There's also an emerging business model that can help take a bite out of food waste. It involves rescuing leftovers and peddling them to consumers at a discount. In 2014, consulting firm Value Chain Management calculated that more than $31 billion worth of food is wasted every year in Canada. Josh Domingues in Toronto ... recently quit his six-figure finance job on Bay Street to create an app called Flashfood. It will connect Toronto food vendors selling leftover food at a discount with customers. Domingues felt he had little choice but to switch careers after his sister, who works as a chef, complained about an epic food waste incident. He did his research and discovered that along with restaurants tossing food, grocers sometimes throw out goods days before they hit their "best before" date. "There's no easy way to connect these food companies directly to the [consumer]," says Domingues. His app, he explains, will help bridge that gap. None of the food sold on Flashfood will have actually passed its "best before" date. Domingues wants to make Flashfood available across Canada and eventually expand to other countries.
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