Q4 Outlook: Entering the final stretch
The Ivy Investments team discusses the global economy outlook as we head into the close of 2018.
As organizations grapple to find solutions to the twin problems of resource shortages and food waste, technology used by NASA could provide a timely solution, reports CNBC.
Hyperspectral imaging — a form of technology that uses images to measure chemical information — has been used by the U.S. space agency for decades. But cost reductions mean its applications are more widespread and impacting a variety of industries, including the food sector.
California-based ImpactVision uses hyperspectral imaging to help producers conduct tests more accurately and manage their supply chains without wasting food. Using photographs, ImpactVision’s software is able to assess information about a food item ranging from its ripeness to the presence of contamination – without taking any physical samples or probing them, as most traditional methods require.
Not only can hyperspectral imaging mean cost savings for food producers and higher quality products, it also offers a viable solution to the prospect of growing global food shortages. As much as one-third of all food is wasted, costing producers $1 trillion annually. (Source: CNBC
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