Apeel Sciences Wants to Make Your Avocados Last Longer

The video discusses a technology that uses plant-based formulations to extend the shelf life of fresh produce by creating microclimates. This innovation addresses the significant issue of food waste, which is a $2.6 trillion problem globally. The technology is backed by major investors and has potential applications across various types of produce. It offers a solution that does not rely on refrigeration, making it particularly valuable in regions lacking cold chain infrastructure. The video also highlights the competitive landscape and the potential for reconfiguring supply chains to reduce spoilage.

What is the primary mechanism by which the plant-based formulation extends the shelf life of produce?

• By adding artificial preservatives

• By creating a microclimate around the produce

• By genetically modifying the produce

• By reducing the size of the produce

Why are major investors interested in the food preservation technology?

• It is a new trend in the fashion industry

• It is a government-mandated technology

• It addresses a significant global issue of food waste

• It is a small-scale solution with limited impact

What challenge does online grocery delivery face according to the transcript?

• Limited customer base

• Lack of variety in products

• High delivery costs

• Difficulty in maintaining produce freshness

How does the technology benefit regions without cold chain infrastructure?

• It works without the need for refrigeration

• It requires expensive refrigeration systems

• It increases the cost of produce

• It is only effective in cold climates

What is the estimated global economic impact of food waste?

• $1 billion

• $500 million

• $2.6 trillion

• $100 million