Business Latin America

Bimbo, Nestle join battle against food waste in Latin America, Caribbean The Inter-American Development Bank (I.D.B.) has brought together food and technology companies to fight food waste in Latin America and the Caribbean. According to the organization, more than 127 million tons of food per year goes unused in the region while nearly 42 million residents grapple with undernutrition. IBD’s #SinDesperdicio (#NoWaste) initiative seeks to bring better public policies and innovative outreach to the area with help from Grupo Bimbo, Nestle, Coca-Cola Co., Dow Chemical, the FEMSA Foundation, IBM and Oxxo. Other strategic partners include the United Nations Food and Agriculture Organization, the Global Food Banking Network, the Consumer Goods Forum, and the World Resources Institute. The initiative’s goals align with the Food and Agriculture Organization of the United Nations’ Sustainable Development Goals 12.3 that asks all nations to halve food waste and reduce food loss by