Kriti PatelTLDR:
• Grocers are turning to artificial intelligence to improve food management and boost profit margins.
• Too Good to Go has introduced a new AI platform that makes recommendations to grocers on how best to move surplus products.
• The platform helps track and manage items, optimizes how they are handled on the shelf, and assists in distributing food based on AI-driven rules and recommendations.
Key points:
• The AI platform developed by Too Good to Go aims to improve food management for grocers and boost their profit margins.
• The platform uses AI to make recommendations to grocers on how to best move products that might otherwise go to waste.
• This new AI platform offers three primary features for retail partners: it helps track and manage items, optimizes how items are handled on the shelf, and assists in distributing food based on AI-driven rules and recommendations.
• Grocers are increasingly looking for more intelligent insights, with 37% of them innovating on their data analytics capabilities, according to a recent study by PYMNTS Intelligence.
• The AI platform uses a broad range of data to recommend discounting strategies, taking into account external factors such as weather and localization.
• By considering these factors, grocers can optimize their discounting practices based on regional preferences and seasonal variations.
• In the future, Too Good to Go expects to further integrate AI into recommendations, donations, marketplace solutions, and SKU management.
• The company believes that large-scale AI and machine learning can drive optimization across its product set and have a positive impact on the bottom line and consumer experience.
In conclusion, the new AI platform developed by Too Good to Go offers grocers the opportunity to improve food management, reduce waste, and boost profit margins. By providing recommendations on product movement, tracking and management, optimization on the shelf, and AI-driven rules and recommendations for food distribution, the platform helps grocers make more informed decisions and optimize their operations. The use of AI in discounting strategies also helps grocers cater to regional preferences and seasonal variations, further enhancing their effectiveness. Too Good to Go expects further integration of AI into other aspects of food management in the future, with the potential to drive even more optimization and impact.
