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Forbes Topline

This Founder Knows Consolidation Of Food Waste Will Be A Big Part Of The Future

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 23 November 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Founder, Abhi Ramesh first made the Forbes Social Entrepreneurs List in 2020. His company Misfits Markets is a subscription service for "ugly" organic produce and is designed to break the cycle of food waste.The organization has helped rescue more than 10 million pounds of food since its 2018 inception. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Abby, thank you so much for being here with me. So I want to start by saying what

0:08.2

problem were you trying to solve when you started Miss It's market? So we were actually trying to solve two. And they're

0:15.9

they're tied although I'll talk about them differently. The first one is just a

0:19.5

massive amount of food waste that exists in the US and the idea for misfits came from me

0:24.8

going to a farm and seeing that for every apple that was on a tree there would be

0:29.4

10 on the ground that the farmer was saying we're I to throw out. And so there's a huge

0:34.7

amount of food waste and you'll see a stat like a third of the food that's grown in the

0:38.1

U.S. goes to waste before it actually makes it to the consumer. So that's one huge problem

0:42.1

we're trying to tackle. And the other problem is at the same time there are so many folks that don't have access to healthy affordable food in the United States. And you know I have spent a lot of time in Philadelphia.

0:53.4

That's how I started in this fits and even within the city of Philadelphia

0:57.0

there are census designated food deserts,

0:59.9

urban food deserts where you can go buy cheese steak and potato chips but you can't buy a fresh apple.

1:06.0

And what was mind-boggling to me was the fact that while you have these food deserts here,

1:11.0

an hour out, you have a farmer throwing away perfectly fine

1:14.0

apples. And so our goal of misfits was to tackle those two problems at the same time, the

1:18.8

sustainability problem and the accessibility problem with food.

1:21.9

Interesting.

1:23.0

Now what are you doing that is totally different from competitors like Fresh Direct or Instacart?

1:29.8

Yeah, so I think there's two fundamental things about our model that are different.

1:33.3

The first is we're not buying the regular food that you'd see at the grocery store.

1:39.1

We're buying you know we started our brand was originally known for ugly produce.

1:44.0

It's the produce that's like too small, too large, it's, you know, squash, it's curved in a crazy,

...

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