News, Sustainability

Yume turns seven million kilograms of surplus food into $19 million

Yume has redistributed 7 million kilograms of surplus food from manufacturers to other businesses and charities who can use it.

Yume is proving food waste prevention is as good for business as it is for the environment. The innovative sales and donation technology has redistributed 7 million kilograms of surplus food from manufacturers to other businesses and charities who can use it.

This is enough food to fill 38 Boeing 747s. As a result, Yume has returned over $19 million to leading companies who use the platform to commercialise surplus food.

“Inefficient management of excess finished goods has been flying under the radar. It is a significant contributor to food waste and a major untapped sales opportunity for businesses”, said Yume founder & CEO Katy Barfield OAM.

“By plugging in to Yume, manufacturers sell 128 per cent more excess food with a 150 per cent increase in returns. The technology also provides data so manufacturers can measure their impact as they deliver on the triple bottom line.”

Tested by pilot partners Unilever, Mars Food and Nutrition and Kellanova, Yume technology has experienced rapid growth over the last 12 months, with leaders across the food industry implementing the solution.

“In the first three months of using Yume technology, Kellanova sold 150,000 kilograms of excess food, at significantly increased returns.” said Kellanova ANZ sales director, Ben O’Brien.

“By digitising our processes and expanding our sales channels with Yume, we’re continuing to combat the environmental impacts of excess food, while seeing positive returns for the business.”

Yume’s tools are powering new efficiencies for surplus food sales across a range of product categories and brands. Among them is multinational consumer goods company, Unilever which makes a range of food and refreshment brands including, Continental, Ben & Jerry’s and Streets.

Last year, Unilever Australia and New Zealand became a Certified B Corporation – the company’s actions to reduce waste played an integral role in achieving Certification.

Nick Bangs, head of country for Unilever Australia and New Zealand said, “As one of the world’s biggest food producers, we want to protect and preserve food for everyone across our value chain. No one wants to see food go to waste, especially with the current cost of living challenges impacting so many Australians.”

“We have a dedicated business waste squad focused on achieving our goal to halve food waste in our direct operations from factory to shelf by 2025. One of the key ways we’re delivering on this goal is through our work with Yume which has enabled us to efficiently commercialise surplus stock while reducing our environmental impact.”

“Since 2017, we’ve redistributed over 498,733 kilograms of food, and redistributed approximately 40.3 million litres of water and 3,700 tonnes of CO2. This partnership shows triple bottom line in action, where people, planet and profit thrive.”

Committed to its vision for a world without waste, Yume technology also supports seamless donation of surplus food from manufacturers to their preferred food rescue organisations. The technology has donated an equivalent of 1,075,364 meals to people in need to date.

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