About a third of all food for human consumption is wasted. Not only does this have devastating effects on the environment and water, but has serious economic consequences for food producers and manufacturers- close to $1 trillion USD per year.

The World Food Clock site offers the shocking figures of food waste, calculated during the visit to their site.

Reducing food loss during supply chains is one of the many uses of Oli-Tec labels. Custom designed labels can show if products are kept in proper transportation conditions and how long they have been in transit or storage.

They can be used as a reference to assure food is in date or stored in temperatures it is safe to consume. Manufacturers and consumers alike can see when food needs to be consumed.