Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday disclosed a partnership with Mill Industries Inc. to introduce a first-of-its-kind solution at Whole Foods Market stores aimed at reducing in-store food waste.
Details
Whole Foods will be the initial adopter of Mill Commercial, Mill’s automated, high-capacity food recycling system.
Beginning in 2027, fruit and vegetable scraps from back-of-house operations will be converted by Mill’s technology into a nutrient-rich ingredient for chicken feed, supporting Whole Foods’ private-label egg suppliers.
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Also, Mill received an investment from Amazon’s Climate Pledge Fund to support the rollout of this technology.
This initiative represents the grocery industry’s first in-store food waste conversion system, turning back-of-house scraps into chicken feed for Whole Foods’ suppliers and creating a closed-loop solution.
Whole Foods Market continues to lead in promoting responsible and sustainable grocery practices, aligned with its mission to nourish both people and the planet.
This partnership also advances the company’s goal of reducing food waste by 50% by 2030.
Management Commentary
“Until now, there has been no advanced technology solution to tackle the problem of food waste at commercial scale. With Mill Commercial, we are combining our innovative hardware with data and insights powered by AI to make it easier to dramatically reduce food waste in the grocery sector and beyond, turning what was ‘waste’ into a resource we can use,” said Matt Rogers, Cofounder and CEO of Mill.
“Utilizing Mill’s intelligent, connected, and distributed infrastructure helps customers reduce food waste, scale a more circular supply chain, and achieve greater operational efficiency. We’ve been following Mill since inception and are thrilled to invest now to support the development and deployment of their commercial technology at Whole Foods Market and beyond,” added Thomas Selby, Investor at the Amazon Climate Pledge Fund.
AMZN Price Action: Amazon.com shares were up 0.03% at $222.60 during premarket trading on Tuesday, according to Benzinga Pro data.
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