Hottest Food Tech Found in New York City Right Now

Hottest Food Tech Found in New York City Right Now

New York City is always in-the-know when it comes to food and the technology behind it. The city boasts some incredible food technology trends that involve anything from gadget-friendly restaurants to helpful at-home delivery systems. New York City has plenty of new food tech to check out, including these three trends you don't want to miss. 

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How to Use Tech to Cut Down Food Waste

How to Use Tech to Cut Down Food Waste

By Michael Hunte, Foodable Industry Expert

Food waste has always been a concern for many facilities. Recently, we’ve seen restaurants transition back to methods that help cut down on waste. From utilizing whole animals to offering excess product to charities, we can tell food waste is on the minds of many chefs and owners. This is a great thing!

Food waste in US restaurants is no small matter, with as much as 33 million tons of food getting dumped each year. Much of this food still edible and able to be repurposed. Recently, we saw the city of New York mandate that businesses compost their food. The effects on the environment are widespread, but excess food waste can truly be a problem for a restaurant’s bottom line. Thankfully, there are tech companies lining up to help you tackle the issue.

Ready to get food waste under control? Start by monitoring current practices. New tech can then help analyze the causes of excess and ultimately reduce our waste.

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Why These Food Tech Companies Failed

Why These Food Tech Companies Failed

By Kerri Adams, Editor-at-Large

Five years ago, it seemed like every entrepreneur wanted a piece of the food tech pie. Once PostMates launched in 2011 and GrubHub and Seamless merged in 2013, thousands of food-focused technology companies were on the lookout for funding.

The future looked bright as many of these companies raised millions. Fast forward to 2016, several of these well-funded startups have been forced to throw in the towel.

But, why did these companies fail in the first place? Especially when many of which seemed to be on track to succeed?

SpoonRocket 

This on-demand pre-made meal delivery startup announced in mid-march that it was closing up shop. Although the company had raised $13.5 million, it wasn’t enough to fund the costs to continue operating. 

So, why couldn’t SpoonRocket stay afloat?

The Fierce Competition 

By 2016, SpoonRocket was one of the many on-demand food delivery services on the market. DoorDash, PostMates, Caviar, GrubHub and even Amazon were rapidly spreading to different cities. 

Investors interested in the third-party delivery sector had more options to choose from.

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