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@article{197691,
author = {Sanika Gaikwad and Abhi Mistry and Sweta Nigam},
title = {NearFresh: An AI-Driven B2B Platform for Reducing Food Waste Using Dynamic Pricing},
journal = {International Journal of Innovative Research in Technology},
year = {2026},
volume = {12},
number = {11},
pages = {6348-6351},
issn = {2349-6002},
url = {https://ijirt.org/article?manuscript=197691},
abstract = {Food waste is one of the most pressing sustainability challenges of our time. Nearly one-third of all food produced for human consumption is discarded every year. This waste is largely caused by the rapid spoilage of perishable goods and a fundamental mismatch between supply and demand in the food supply chain. This paper introduces NearFresh, a specialized B2B digital platform that connects high-volume suppliers—such as hotels, supermarkets, and wholesalers—with smaller local vendors to efficiently redistribute food approaching its expiration date. NearFresh uses an XGBoost-based machine learning model for real-time spoilage prediction and a dynamic pricing engine that automatically adjusts discounts based on remaining shelf life, creating a strong financial incentive for rapid inventory turnover. The platform is built on a modern MERN stack (MongoDB, Express.js, React.js, Node.js) with a Python/FastAPI-based AI microservice, fully aligned with 2025 technical standards. Simulations on a synthetic dataset of 500 perishable items show that the system can reduce food waste by approximately 50% while also increasing supplier revenue by 25%. This mirrors industry reports showing 20–80% waste reduction through AI-driven pricing. NearFresh demonstrates how integrated digital innovation can transform supply chain inefficiencies into sustainable economic and environmental value.},
keywords = {B2B Platform, Dynamic Pricing, Food Waste, Machine Learning, MERN Stack, Supply Chain, XGBoost},
month = {April},
}
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