Josh Domingues, Founder and CEO at Flashfood, discusses reducing food waste with an app that offers discounted fresh food items nearing their expiration date. They cover the growth and impact of the app, challenges of managing the supply chain, partnering with big companies, and the expansion of the delivery service. They also touch on TikTok reach and future plans.
Artificial intelligence and digital innovations help reduce food waste and provide affordable and healthy options for consumers through Flash Food's digital marketplace.
Flash Food's popularity on TikTok has created a fun and engaging community, sparking creativity in the kitchen and offering exciting possibilities for retailers and shoppers.
Deep dives
Reducing Food Waste: AI and Digital Innovations
Artificial intelligence and other digital innovations are helping food retailers improve their data processes and workforce efficiency to reduce food waste. Flash Food, a digital marketplace, connects consumers to heavily discounted food that is nearing its best before date. Flash Food has become a lifeline for some customers, providing them with affordable and healthy options. It has already saved shoppers over $200 million by offering discounts of up to 50%. Flash Food is expanding its model by partnering with third-party delivery companies to set up storefronts in distribution centers, offering same-day delivery of discounted food.
Challenges of Partnering with Big Retailers
Flash Food is in talks with major retailers like Whole Foods, Walmart, and Kroger to partner with them. While these retailers are interested in the model and its potential to drive revenue and reduce waste, challenges exist with decision-making processes and strategic priorities within large companies. Additionally, managing inventory and fresh food is complex, and it's difficult to achieve perfection in this regard. Flash Food aims to be national in America and continues to explore partnerships and growth opportunities.
TikTok and Unboxing Trends
Flash Food has gained popularity on TikTok, with users sharing their unboxing experiences and showcasing the discounted food they receive. The platform has become more than just a way to save money; it has sparked creativity in the kitchen as users experiment with new recipes and meal ideas. Flash Food has tapped into the consumer interest beyond the transactional aspect, creating a fun and engaging community. The platform continues to evolve, offering exciting possibilities for retailers and shoppers alike.
Josh Domingues, Founder and CEO at Flashfood, discusses reducing food waste with an app that consumers can use to save on fresh food items like meat and produce that are nearing their expiration date. Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.