The problem of food wastage is just not from the restaurant or households but also retailers.
It has been seen that 10.5 million tons of food waste are generated per year from food retailers. In order to get rid of the remaining waste, one-third of food waste is sent to landfills.
The challenges the grocery retailers are facing:-
- Demand in change.
- Supply chain issues.
- Labor shortages.
- Increasing pressure from consumers and government agencies such as EPA, USDA, and FDA for accountable action to reduce food waste.
- Avoid over-ordering and over-producing.
- A key contributor to production increases waste, margins are reduced and non-sustainable operations.
The areas Groceries need to consider to reduce waste are in-store, commissary, production planning, recipe management, and fresh ordering.
But the right way to conduct fresh grocery retailers has been the result of implementing the fresh-native technology at the right time to balance out the demand with supply and availability.
The experts consider centralized production planning as the right way to reduce the food waste from groceries. Invafresh follows all the necessary needed implementing methods with visibility to controlling the in-store or commissary steps for the efficient and effective production planning solution in the market.
Invafresh was founded in 1988 and its headquarter is in Mississauga, Ontario, Canada. The company is a technology in ML and AI specialized in providing fresh items and scaled management software solutions for supermarket chains around the world. The revenue generated by the company is $20 million.
The following steps let the customers experience the freshness, store revenue is maximized and food wastes are also minimized.
The benefits of a centralized approach for Invafresh:-
- Providing grocery retailers with demand-driven replenishments both in-store and commissary.
- Perpetual inventory operations.
- Merchandising requirements.
- Forecast with the ability to maintain the fresh stock as possible.
- 50% reduction in replenishment time.
- 25% reduction in backroom inventory.
- 30% reduction in shrink.
Invafresh’s fresh retail platform is built on an innovative and intuitive mobile-centric user interface to automate the production planning for grocery retailers through real-time updates.
Food retailers generating 10.5 million tons of #foodwaste annually, leaving operators with both a challenge and an opportunity. Find out how @Invafresh helped @PriceChopper eliminate 20 tons of fresh food a week.https://t.co/LT9tWSXFGt— Invafresh (@Invafresh) July 14, 2022
The production plans are based on in-store data such as inventory and demand for accurate forecasting of the production.
Price Chopper one of the clients of Invafresh used the platform to prevent 20 tons of fresh food to stop being wasted each week. Over the next three years, more than 3,000 tons of food waste need to be prevented in 131 stores.
The pros of Invafresh for Price Chopper are:-
- Reducing methane emissions from landfills,
- Carbon footprint is lessened, and
- Fueling a more sustainable and circular economy.
And do you want to know how was it possible?
By using machine learning forecasting algorithms integrated with the vast amount of data for aligning supply and demand, accurate merchandising, replenishment, production plan, and inventory control
As per Patrick Iannotti, Director of Retail Operations at Price Chopper,
“Invafresh has helped Price Chopper to produce the correct amounts of product to meet our customer demand while reducing our exposure to excess shrink.
We are working on enhancements with Invafresh that will further our effort in exceeding our customer’s expectations for delivering fresh products while limiting the spoilage that ends up in the landfill.”