Artificial Intelligence

Omni-Channel Grocery Shoppers Key to Unlocking Additional Growth for Retailers, Data Analysis Finds

July 26, 2022 Symphony RetailAI

Symphony RetailAI, a leading provider of end-to-end, integrated AI-powered merchandising, marketing and supply chain solutions for retailers and CPG manufacturers, today announced the findings of an analysis of nearly 600 million shopper transactions to determine the impact of today’s omni-channel grocery shopper. A key finding is that online household penetration now reaches 6.4%, up 60% from pre-pandemic levels, and households that shop both in-store and online are growing at a rate of 10% year-over-year. …

AMF Bakery Systems: Sustainable Oven Service

July 15, 2022 AMF Bakery Systems

Against a backdrop of rising energy prices, many bakery operations are feeling the squeeze on their profit margins. It’s no wonder why many operators are turning to artificial intelligence (AI) and the Internet of Things (IoT) to find increased efficiencies. And thanks to advances in sensor technology, it has become much more practical to make smart, connected ovens that use data-based insights to reduce your costs. …

Walmart and Symbotic Expand Partnership to Implement Industry-Leading Automation System

May 23, 2022 Walmart

Symbotic LLC, a revolutionary A.I.-powered supply chain technology company, and Walmart Inc. announced an expanded commercial agreement to implement Symbotic’s robotics and software automation platform in all 42 of Walmart’s regional distribution centers over the coming years. This is an expansion of Walmart’s prior commitment to deploy Symbotic Systems in 25 regional distribution centers. …

Freshflow is Helping Grocery Retailers Fight Food Waste

April 25, 2022 Natasha Lomas, Tech Crunch

For years grocery retailers have been using data driven forecasting to help them predict demand to figure out which products to reorder to keep shelves stocked. That’s nothing new. But Berlin-based startup Freshflow is targeting a particular slice of this market: It’s built an AI-powered forecasting platform to help retailers optimize stock replenishment of fresh, perishable goods — such as fruit and vegetables, meat, dairy and bakery products — in order that food waste is minimized and retailer revenue maximized. …

Despite Fearing They Lag Competitors in Supply Chain, 87% of Retailers Say They Have Not Yet Taken Meaningful Steps to Embrace AI

April 19, 2022 Symphony RetailAI

Symphony RetailAI, a leading global provider of integrated AI-powered marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, today announced findings of an executive survey, “Role of AI/ML in Supply Chain and Demand Forecasting,” conducted in partnership with Incisiv. Survey respondents indicated their prioritization of data-related initiatives, with 82% focusing on data-driven demand forecasting and 61% citing improved master data management as a top supply chain priority. …