Revolutionizing the Food Supply Chain

The Enormous Impact of Food Waste

At the recent COP28 conference, the emphasis on climate change solutions was clear. While energy dominated the discussions, food waste emerged as a critical, yet often overlooked, element of the climate crisis. The food system contributes 24% of all greenhouse gas emissions, second only to electricity. By comparison, transportation accounts for only 14%, much of which is used to move food.

The inefficiencies in our global food system have far-reaching consequences beyond climate change. They affect poverty, equality, and even political stability. The food system employs around 1.23 billion people, mostly in developing countries, yet less than 12% of the consumer's dollar ends up with the farmer. This imbalance is unsustainable for both our planet and the millions of farmers who feed it. Additionally, market speculation on staple crops can cause supply inconsistencies and social unrest.

Choco's Vision for a Digital Food System

To comprehensively address these challenges, we need a solution that is global in scope, creating coherence and collaboration at every level of the supply chain. Every business within the food supply chain must embrace technology that facilitates waste reduction and cost efficiency through process automation. From farmers to buyers, wholesalers, distributors, and beyond, technology can transform the food system.

At Choco, we believe that digitizing the food supply chain is the key to reducing waste. By making the supply chain more efficient and sustainable, we can significantly cut down on the 40% of food that currently goes to waste. This is not just a lofty goal but a practical, step-by-step approach to revolutionizing how food moves from farms to tables.

So, what exactly is Choco? We're a technology company that creates cutting-edge solutions for businesses in the food supply chain. Our technology transforms wholesalers, suppliers, and restaurants into models of efficiency, automation, and zero-waste operations. With $330 million in venture capital, Choco is at the forefront of revolutionizing the global food supply chain. We're not just players; we're game-changers.

Our journey began with digitizing the ordering process for over 25,000 restaurants worldwide using the Choco app. This step alone has drastically reduced errors, ensuring that restaurants receive exactly what they need, when they need it.

But we didn't stop there. Our next frontier involves digitizing processes for distributors. By using AI to process orders with pinpoint accuracy, we eliminate costly mistakes and streamline operations.

How Choco Uses AI to Solve the Problem

AI plays a pivotal role in our mission. It enables natural communication, reduces the learning curve, and automates complex processes. By interpreting unstructured data from various sources—like voicemails, emails, and texts—AI converts this information into structured, actionable insights. It processes orders in real-time, predicting demand with remarkable accuracy. This ensures that the right amount of food is distributed, drastically reducing waste. Our AI also provides real-time insights, enabling all players in the supply chain to make data-driven decisions, further enhancing efficiency and sustainability.

Looking Towards the Future

Some may view this vision as grandiose or even impossible. However, addressing this problem is urgent, both due to climate change challenges and the need to feed a projected population of 10 billion by 2050. Reducing food waste is imperative, as there are limits to how much agricultural land can be expanded.

There is also a strong economic imperative. Food waste is worth over $1 trillion annually, enough to enable producers to adopt sustainable farming methods. Every company in the food supply chain suffers an economic loss when food is wasted.

Choco is more than a tool; it's a partner in your business's success. By digitizing the food supply chain, we're slashing waste, boosting efficiency, and building a sustainable future. With every step we take, we're closer to a world where no food is wasted, and every player in the supply chain thrives. Visit our website today and discover how Choco can revolutionize your business. Let's create a more efficient, waste-free world together.