Australian marketplace Yume has recorded a milestone by saving more than 2300 tonnes of quality food that might have otherwise been discarded.
According to the company, the initiative has returned Australian businesses and farmers more than $7.1 million, making Yume the largest global B2B commercial tech solution of its kind for surplus food.
One of its partners, General Mills Australia, said it has reduced finished product waste to landfill by 80 per cent over the last year.
“With fluctuating forecasts, food manufacturers can get caught with excess stocks at times,” said Peter Everett, MD of General Mills ANZ. “Yume provides a great service to help clear unforeseen excess products and helps us reduce our environmental footprint.”
With a broad network of major manufacturers and commercial buyers, Yume has achieved 150 per cent year-on-year growth despite the Covid-19 pandemic.
“Yume’s exponential growth is testament to the need for organisations to re-think the way their supply chains work, and this milestone proves the innovation and importance of our tool,” said founder Katy Barfield.
Since in 2014, Yume has partnered with more than 500 manufacturers, including General Mills, Kellogg’s and Unilever, and works with more than 3000 buyers.