Home Strategic Foresight Assessment for At-Home Food Waste Management

Quick Overview

A prominent FMCG company aimed to develop innovative offerings for preventing or reducing at-home food waste. The objective was to outline the dimensions of ideal solutions, with a focus on technologies and concepts that align with smart home ideas. The company’s primary goals included exploring technologies and solutions targeting at-home food waste prevention or reduction, understanding different categories of at-home food waste, and identifying potential partners, collaborators, or suppliers to expedite the development of such products or services.

Client Success Details

Our research methodology involved a blend of automation tools and human intelligence, including web-based research, patent literature studies, scientific literature reviews, and executive discussions. The study addressed several key business goals:

The quest for sustainability has driven the necessity for innovative solutions in food waste management, with a special focus on residential contexts where food waste is often overlooked
  • What technologies or concepts are available that target at-home food waste prevention or reduction?

  • What are the different categories of at-home food waste, and which solutions can be aligned to smart home concepts?

  • Which partners, collaborators, or suppliers can assist in accelerating the development of food waste prevention or reduction products or services?

  • Our three-phase approach was meticulously implemented:

    1. Scanning Phase:

      • Innovations, trends, and readiness levels of novel solutions were scanned.
      • Feasibility of adopting innovative technologies and solutions was evaluated.
      • New market entrants and target markets for innovators were identified.
      • Opportunity clusters were prioritized.
    2. Assessment Phase:

      • Innovative solutions were benchmarked and shortlisted based on various criteria like Technology Readiness Level (TRL), entity type, ease of use, etc.
      • Analysis of potential technologies, ingredients, and products was conducted.
    3. Identification Phase:

      • Opportunity clusters within relevant focus areas were identified.
      • Clusters creating opportunities for the client’s business were defined.
      • The most suitable clusters were shortlisted for further analysis.
Q

Benefits to the Client:

  • Understanding of various types of at-home food waste based on occasions, demographics, etc.
  • Identification of waste categories eligible for food waste prevention.
  • Recognition of innovative technologies and solutions for at-home food waste prevention.
  • Identification of potential collaborators with novel concepts.
  • The findings have been instrumental for the product development team in creating products based on feasible technologies.

Seeking breakthrough solutions in at-home food waste prevention? Engage with us to uncover the rich insights from our extensive case study

Need a thought partner?

Share your focus area or question to engage with our Analysts through the Business Objectives service.

Submit My Business Objective

Our Clients

Our long-standing clients include some of the worlds leading brands and forward-thinking corporations.