Sustainable grocery retailers need AI and ML in their lives, Blue Yonder
Artificial intelligence (AI) and machine learning could help the UK’s eight large grocery retailers prevent £144 million of food waste a year, according to Blue Yonder.
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Tesco, Sainsbury’s, Asda, Morrisons, Aldi, the Co-Operative, Waitrose and Lidl could use these technologies for forecasting demand through to getting items in-store on time and then setting the right price when items are on the shelf.
“Sustainability is no longer just a buzzword, it could really make or break grocery retailers over the coming years,” says Michael Feindt, Founder and Chief Scientist at Blue Yonder.
“Retailers know they must take serious action; using AI and machine learning across their supply chains provides a tangible way for them to cut food waste. Enabling grocery retailers to make more intelligent, data-driven, decisions, can put them on the road to significant environmental and financial savings.”
