Skip to main content

Wasteless wants to use dynamic pricing to help grocery stores waste less food

It’s the epidemic we’re all aware of, and yet seemingly powerless to stop: wasted food at grocery stores. For every carton of milk or loaf of bread you take home, around $2,300 worth of product is left behind every day. But there’s a new company that’s here to help. Wasteless is the new tech solution behind the so-called “Internet of Groceries” that promises to recapture one billion dollars worth of lost grocery sales every week.

It’s all contingent on what is being described as the world’s first real-time tracking solution for grocery stores, which offers customers variable pricing based on a product’s expiration date. That is to say that a carton of eggs that is set to expire at the end of the week will cost you less than the carton that has until the end of the month. This, Wasteless says, will help supermarkets sell more and waste less.

Recommended Videos

The platform constantly monitors stock levels, so if stores are running low, management can be alerted, whereas if items have been on the shelf for longer than anticipated, their prices can be automatically reduced. And it does all this by combining item-level RFID sensing, a dynamic pricing engine (which considers 43 factors including supply, demand, location, holidays, and time when calculating a price), and Electronic Shelf Labeling.

“Dynamic pricing is something used daily when booking a flight, a hotel, or an Uber, and there is no reason why our groceries should be different” said Ben Biron, founder and COO of Wasteless. “This is amazing for all stakeholders because it means lower prices for the consumer, more revenue for the supermarket, and of course, it saves our planet by significantly reducing food waste at the retail level, which accounts for 40 percent of the world’s total food waste.”

As it stands, the U.S. grocery industry loses around $57 billion every year. So yes, it most certainly does seem high time for us to waste a bit less. Currently, Wasteless is in trial with a number of retailers, and the company hopes you’ll soon see its technology in a store near you.

Lulu Chang
Fascinated by the effects of technology on human interaction, Lulu believes that if her parents can use your new app…
Tineco vacuum nearly $300 off for Prime Day — use this code for extra savings
The Tineco Floor One Stretch S6 cordless vacuum cleaner cleaning a spill.

In one of the most attractive vacuum deals that you can shop for Prime Day, Amazon has slashed the Tineco Floor One Stretch S6 to its lowest-ever price of $319 from its sticker price of $599. However, we've got a code for you to be able to get the cordless wet-dry vacuum cleaner with an extra 5% off — just enter TIN25PDPR during the checkout process so that you'll only have to pay $303, for total savings of $296. That's an excellent offer that you wouldn't want to miss, and you better hurry if you want to take advantage of it as it may not remain available until the end of the shopping holiday.

$303 at Amazon

Read more
Tineco’s docking vacuum has a special Prime Day price, but you can get it cheaper
A Tineco Pure One next to its charging base.

Vacuums feel like they're getting more and more expensive, and not just robot vacuum and mop combos, but ordinary hand vacs. You can go to Walmart and see bagged, corded vacuums that cost hundreds of dollars. It doesn't have to be that way. Tineco's Pure One vacuum brings power and convenience for the same price that other vacuums have, but with new features instead of going backwards into the world of cords and bags. Usually $459, it is down to $319 for Prime Day (that's a savings of $140 already) and we're happy to report you can get an extra 5% off with the code TIN25PDPR on Amazon. Tap the button below to see the vacuum yourself and snag this great deal, or keep reading for what makes this vacuum truly unique.

BUY NOW

Read more
This AI mower finally got a discount — grab it before it’s gone
m800 doing work on the lawn

If you’ve been holding off on getting a robot mower because you can’t stand the idea of burying boundary wires or babysitting your lawn from a clunky app, Prime Day is delivering for you once again. The Yardcare M800 Plus is one of the most intelligent, user-friendly smart mowers you can buy and now it's on sale. Pick-up the M800 Plus for $719.99, a savings of $180 (regular price $899.99).

A smarter way to mow

Read more