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It subsequently also began selling food packaging; it holds patents for sustainable food-delivery boxes. [17] It projected revenues of $250 million and $1 billion in the final quarters of 2020 and 2021, respectively. [15] In November 2018, the company raised $375 million from SoftBank, giving it a valuation of $2.25 billion. [18]
There has also been found a direct correlation between a company's implementation of sustainable packaging and a more sustainable supply chain management. [30] Alternatives such as bio-based plastics that are abundant, low cost, and biodegradable, offer a possibility of reducing use of petroleum resources and carbon dioxide emissions. [31]
In January 2020, Zume stopped making pizzas to focus on sustainable food packaging. The closure of Zume Pizza resulted in a 53% reduction of the company’s workforce, Crunchbase reported at the time.
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Food packaging is a packaging system specifically designed for ... Reduced packaging and sustainable packaging are ... that are infrequently offered by the company ...
Footprint is a materials science organization that engineers fiber-based packaging in an effort to address the environmental crisis of plastic pollution. [1] [2] Its plant-based fiber alternatives to plastic are made from sources like double-lined kraft. [3] These can be compostable, biodegradable, and recyclable. [2]
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