Afresh platform helps grocer improve fresh produce inventory
for shoppers and reduce waste going to landfill
SAN
FRANCISCO, Jan. 12, 2023 /PRNewswire/ -- Afresh
Technologies, the world's leading fresh food technology company,
and Albertsons Companies (NYSE: ACI) announced today the completion
of an enterprise rollout of the Afresh predictive ordering and
inventory management platform across nearly all of Albertsons Cos.'
banner stores across the country. The system was fully deployed in
more than 2,000 stores in seven months, far less than the three to
five years typically required for large-scale enterprise software
implementations in the grocery industry.
Afresh enables Albertsons Cos. banner store teams to anticipate
and embrace the ever-changing nature of fresh produce more
efficiently, reducing food waste and achieving superior freshness
in their stores. The solution powers Albertsons Cos.' forecasting,
inventory and store operations, providing department managers with
easy-to-use ordering tools that leverage real-time insights.
Grocers utilizing Afresh typically see an increase in sales by
an average of 3 percent across their chain while reducing food
waste by 25 percent and significantly improving inventory
turns.
"Supply chain and store technology implementations typically
require a multi-year transformation and radical overhauls," said
Afresh CEO and co-founder Matt
Schwartz. "Afresh and Albertsons Cos. have partnered to
complete the fastest in-store technology rollout in Albertsons
Cos.' history and did so across thousands of stores in just months,
helping Albertsons Cos.' family of stores realize the
transformational value in their fresh produce departments now; not
years down the line."
"Driving sustainability practices across Albertsons Cos. is
essential to our business and the communities we serve," said
Suzanne Long, Chief Sustainability
and Transformation Officer at Albertsons Cos. "Our partnership with
Afresh helps better manage our inventory of fresh fruits and
vegetables in support of our goal to eliminate food waste going to
landfill by 2030. In addition, it helps to ensure our customers
have access to fresher products when shopping with us."
One major difference between fresh grocery and other departments
is that fresh food is highly dynamic. As a result, fresh data is
often imperfect. While competing solutions rely on near-perfect
data, Afresh recognizes the unique challenges of fresh and is built
to produce results despite hard-to-predict and error-prone data.
All these factors enable Afresh to roll out in months instead of
years.
"What ultimately made this rollout so successful is a
strong partnership with the Albertsons Cos. team and their
willingness to embrace innovation and be a real partner in
technology," said Schwartz. "Afresh is proud to serve Albertsons
Cos., and we look forward to creating real, long-term impact
for their fresh supply chain."
About Afresh
Afresh is the world's leading fresh technology company, helping
grocers win in fresh with intelligent solutions that move beyond
traditional inventory management to drive optimal decisions across
the fresh supply chain. Afresh is changing the game with a platform
designed to recognize and respond to the ever-changing, often
hard-to-predict world of fresh, streamlining fresh operations and
improving grocers' bottom lines while reducing food waste.
Founded in 2017 with the mission to eliminate food waste and
make fresh food accessible to all, Afresh is proudly serving
national and regional grocery brands across the US. Today, Afresh
has announced partnerships with grocers in more than 3,000 stores
and 40 states, including Albertsons, Heinen's, Save Mart, Bashas,
Cub Foods, and more. Learn more at www.afresh.com.
About Albertsons
Companies
Albertsons Companies is a leading food and drug retailer in
the United States. As of
December 3, 2022, the Company
operated 2,270 retail food and drug stores with 1,720 pharmacies,
402 associated fuel centers, 22 dedicated distribution centers and
19 manufacturing facilities. The Company operates stores across 34
states and the District of
Columbia with 24 banners including Albertsons, Safeway,
Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United
Supermarkets, Pavilions, Star
Market, Haggen, Carrs, Kings Food Markets and Balducci's
Food Lovers Market. The Company is committed to helping people
across the country live better lives by making a meaningful
difference, neighborhood by neighborhood. In 2021, along with the
Albertsons Companies Foundation, the Company contributed nearly
$200 million in food and financial
support, including approximately $40
million through our Nourishing Neighbors Program to ensure
those living in our communities have enough to eat.
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SOURCE Afresh Technologies