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REFLECTION PAPER 3 - Food and Nutrition - MBA
REFLECTION PAPER 3 - Food and Nutrition - MBA
REFLECTION PAPER 3 - Food and Nutrition - MBA
As always, the Food and Agriculture Immersion is a very enlightening class with thorough
understanding of actual market problems. This time I had the opportunity to understand about
the Food Waste and its opportunities for Innovation and the berries industry which way
beyond my imagination as I don’t get to hear about it in this extent in India.
Ned talked about the different perspective of viewing things as an opportunity and not as a
challenge which made me think about various other aspects oy mt life as well. His insightful
presentation on food waste underscored the staggering impact of inefficiencies in our current
linear food system. Learning that 1/3rd of produced food goes uneaten, incurring a $2.6
trillion cost, prompted a paradigm shift and I would be more cautious of wastage of food
from here on. ReFed's data illuminated key areas for intervention, emphasizing prevention,
donation, and upcycling. The circular economy concept resonated was impressive, urging us
to reconsider waste and explore innovative solutions.
The emerging role of AI in the food system and the interdisciplinary approach in chemical
compound extraction showcased exciting possibilities for sustainable practices. I was
unaware of Smartian law that protects restaurants from donating their food, and being sued in
case people get sick from it which I feel should be made more educated, because I always see
the amount of food wasted regularly by restaurants and has always wondered what an
alternative can be. Also definitely going to use things past expiration date from here on until
it smells bad!
Dan Kurzrock's discourse on food waste and the innovative solutions offered by Upcycled
Foods, Inc. revealed the staggering global loss of $1 trillion annually. The macro concerns of
the food industry, spanning government regulations, corporate responsibility, consumer
demands, supply chain efficiency, and social considerations, underscored the complexity of
the issue. I understood that every industry has its own complexities and intricacies that we
might not even consider, which we get to think about during the case presentations.
The success of the Regrained SuperGrain and the diverse portfolio of upcycled ingredients
highlighted the economic viability and consumer interest in such products. The B2B
ecosystem and partnerships with industry leaders like Kerry and Kroger exemplify a
collaborative approach to tapping into upcycling opportunities. The Innovation Lab's role in
providing agile R&D services and overcoming industry challenges provided valuable insights
into the intricacies of sustainable food production. Overall, this session illuminated the
potential for economic and environmental gains through innovative solutions to food waste.
The challenge provided to us by Dan was monetizing the Innovation Lab poses hurdles of a
lengthy development cycle and bandwidth constraints. Senior VPs' concerns include
distraction from core business. Several solutions emerge from my batchmates. The first idea
was to leverage patented upcycling technologies for new product development through
partnerships with grocery stores and government. The second idea was to monetize the
Innovation Lab's expertise by selling insights and identifying ingredients from owned waste
streams in a cooperative model. The third idea was focusing on extreme products, policy
reforms, and process innovation while the fourth idea hosting a startup innovation challenge.
For the first time, I think I liked my team’s idea the best as it involved tiered and long term
subscription model for the Upcycled foods that can be pertained for long-term as well as
short-term growth. The expenses depended on the resources being involved. Our basic idea
was to bridge the gap between invention and action. One of the flaws in our idea was that,
instead of timing, milestones can be kept as the deadline for the project end giving more
viable results.
REFERENCES
• https://www.frontiersin.org/articles/10.3389/fnut.2018.00121/full
• https://www.mdpi.com/2071-1050/15/7/6153
• https://ourimpact.oregonstate.edu/story/osu-researchers-patent-new-packaging-
material-made-food-waste
• https://www.weforum.org/agenda/2022/03/generation-z-sustainability-lifestyle-
buying-decisions/
• https://www.mckinsey.com/industries/packaging-and-paper/our-
insights/sustainability-in-packaging-us-survey-insights
• https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8379461/
• https://www.upcycledfood.org/