Supply means when you have the amount of the product that is available to sell, and demand means the people and how many people are going to buy your product. This is called Supply and Demand. Without any supply you won't have any demand and without any demand your supply would go to the landfill or be wasted.
This week Mr Ogilvie had brought in a friend of his, her name was Michal. She came to talk about how she made her business and how it was successful. Her business is called "Foodprint". Foodprint is based on selling food half price that was going to be wasted from cafes.
Michal got her inspiration from food waste and how it is creating climate change around the world. When food is being wasted it is taken to landfill which creates a gas called methane. She also talked about how 3 billion pieces of food is being wasted and in 2019 we have the right amount of food to supply 7.5 billion people but about 1 billion people aren't getting enough food for breakfast, lunch, and dinner. Michal saw how this was a problem so that is why she created the app foodprint.
There is about 250 food stores that works with foodprint. Also there is 17,401 people using foodprint. She had planned out the app for 2 years and her business has been running for 6 months.
Michal's business it slowly reaching expectation and when she reaches that expectation then she would like to make her business go global not just in NZ, but around the world.
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