SVFD - This Company Anticipates Massive Results As It Works To Address Food Waste Loss And Food Safety Challenges
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A new United Nations report indicates that the current world population of 7.6 billion is expectedto reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in2100. This population growth is expected to boost agricultural demandby some 50%.
Agrowing population presents one of the biggest challenges of thetwenty-first century - providing healthy and safe food to feed theworld’s population.
Unfortunately, around 664 million tons offresh fruits and vegetables are lost and wasted every year from fieldto fork globally. And almost one in 10 people fall ill every year fromeating contaminated food costing us around $90 billion.
Foodsafety hazards at the farm level, such as mycotoxincontamination of feed, overuse of antimicrobials in livestock diseasecontrol, and zoonotic disease incursion, may lead to food unfit forhuman consumption and thus waste.
With the Centers for Disease Control and Prevention(CDC) estimating that foodborne illnesses each year result in an estimated 128,000hospitalizations and 3,000 deaths, governments and companies like Save Foods Inc. (NASDAQ: SVFD) are ramping up efforts to averta possibly looming catastrophe.
Solving Food Waste AndSafety Challenges?
But unlike other players such as LSB Industries Inc. (NYSE: LXU), Mosaic Co. (NYSE: MOS), and CVR Partners LP (NYSE: UAN), Save Foods could be doing something different.
Save Foods and its Israelioperational arm (subsidiary) Save Foods Ltd say they are innovative,dynamic companies dedicated to delivering integrated green solutionsfor improved safety, freshness and quality every step of the way fromfield to fork.
Collaborating closely with growers, packers, food retailers andservice providers around the globe, the company is providingcutting-edge solutions, treatments and products extending the shelflife of fresh produce, ensuring its safety while reducing (and in somecases even eliminating) the use of the hazardous chemicals usedtoday.
Save Foodsproducts do not leave residues of toxicological concern and, when usedwith classical fungicides, reduce their used concentration andresidues. The company develops new solutions that benefit the entiresupply chain and improve workers' and consumers' safety andquality of life.
The initial commercial applications of Save Foods’post-harvest treatments in fruit and vegetable packing housesprocessing products include citrus, avocado, berries, pears andmangos.
Bycontrolling and preventing pathogen contamination and significantlyreducing the use of hazardous chemicals and their residues, thecompany’s treatment not only prolongs fresh produce shelf life andreduces food loss and waste but also ensures a safe, green, andhealthy product.
Despite the difficulties facing the traditional food industry(Covid/war...) and the use of the same chemicals/treatments in thelast decade over the past two years, Save Foods' business haspicked up considerable steam. The company now has representatives inMexico, the U.S., Peru, South Africa, Turkey and Morocco overcomingthe natural cycle of the food industry.
After reporting significant pilot programs inthe northern hemisphere for this past year, the company has alsoannounced successful efforts to expand globally and theoretically owna year-round revenue-driving model which it expects to leveragequickly and powerfully. This likely means a crucial boost in constantrevenue for the growing organization.
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