Grocery is one of the hardest AI problems in the world. It's also one of the most ignored. Today we raised $34M to keep changing that, co-led by Just Climate and @HighSageVC.
@FastCompany has the story: https://t.co/Yawkdw562e
🚨 Afresh raises $34M to fix one of grocery’s biggest problems
🥦 AI deciding what stores stock
📉 Less food waste
📊 Better margins for retailers
From broccoli to supply chains, AI is stepping into decisions that used to rely on guesswork. Congrats, @afreshai team!
Full story on TechStartups ⬇️
#AI #Startups #RetailTech #FoodWaste #SupplyChain #FoodTech #TechNews
Today is Stop Food Waste Day.
Every year, $1 trillion of food is thrown away, and the cost is higher in the long run – accounting for 8-10% of all GHG emissions.
Learn more: https://t.co/U5lYxgFp3g
#EarthMonth#FoodWaste
Consumers are more driven than ever to reduce food waste, particularly with produce. By leveraging intelligent inventory to drive truck-to-shelf orders, Afresh delivers lower shrink for grocers and more shelf life for back to shoppers.
Learn more:
https://t.co/bruWwqqTRG
#AI
Ordering in fresh grocery relies on a solid understanding of inventory position.
But as this new episode of Planet Money discusses, the data is notoriously messy: https://t.co/dTULICD06Y
Learn more about Afresh's intelligent inventory: https://t.co/Rdn1uu4itc
#RetailTech
Perpetual inventory breaks down in the world of perishable grocery, where fresh-specific factors like mis-scans at the register, spoilage, and random weights make for unreliable data.
Learn more about Afresh's new approach to inventory estimation:
https://t.co/ECd13C955D
From the field to the fridge, there are many places in the strawberry supply chain to reduce food waste. After implementing Afresh in their Produce departments, one grocery retailer reduced strawberry shrink by 15.5%.
Learn more in this new report:
https://t.co/brwpEY0QyG
The first step to placing an order in a grocery fresh department is understanding the inventory position of an item – which is notoriously challenging when confronted with messy data.
Learn more about our new estimator that improves inventory accuracy: https://t.co/oBl68RH5lm
Supermarket employees play a critical role in ensuring fresh, nutrient-dense foods are accessible to local communities.
Today – and everyday – we recognize them for their essential work, especially in ordering and inventory management.
#SupermarketEmployeeDay
As convenience remains a top priority for consumers, making sure high-quality fresh offerings remain in stock is key for grocers.
Learn how Afresh helps keep Meat and Seafood departments at @Albertsons full and fresh, while also reducing shrink.
https://t.co/RolJeabsgA
As an AI-powered fresh technology company with a mission to eliminate food waste, we couldn't agree more with @refed's prediction that AI will continue to drive results in reducing food waste in the year ahead!
https://t.co/1YisdlCxAB
Afresh adapts to the unique demands of every fresh department – meat included. Our AI-powered solutions help industry leaders like Albertsons transform operations by calibrating decision-making in uncertain conditions to automate orders.
Learn how: https://t.co/zwVPbSeXPP
Automation solutions ranging from AI and ML to Afresh and ChatGPT are taking hold at nearly every level of the food production and sales cycle, making it essential to success in grocery both today and in the future.
Learn more: https://t.co/L3FEcJhj3m
#AI#RetailTech
During a 3-month pilot with Midwest grocery retailer Cub, Afresh helped improve product freshness by driving 6.7% faster inventory turns.
Learn more about how embracing digital transformation helped improve store operations: https://t.co/j2pWeymP1y
#AI#GroceryTech
Afresh is thrilled to be recognized in the Sustainability/ Resource Conservation category of the @pgrocer Impact Awards for our work to reduce shrink through smarter ordering and inventory management.
Learn more about Afresh and winners like Flashfood: https://t.co/c340IZHi1p@
"How do we bring to bear this cutting edge technology into a world where the data is really messy?"
Learn how Afresh applies novel ML techniques to help leading grocers reduce shrink and increase sales in President Nathan Fenner's interview with NVIDIA.
https://t.co/eeGeRcx7KU
In grocery, fresh matters most – to your customers and your business. It's also the most complex and unpredictable part of running that business.
It's time for a fresh approach to fresh departments.
Learn more: https://t.co/AzXClgsxE3
#GroceryTech#AI#RetailTech#Grocery