TooGoodToGo, a surplus food marketplace app, has unveiled an AI-powered platform for grocery retailers. This innovative tool aims to maximize margins from near-expired food and minimize waste.
The platform offers a range of AI tools, allowing grocers to efficiently manage and profit from excess inventory. It's a game-changer in reducing food waste and increasing revenue.
Spar International is already implementing this solution across 14 markets. Their adoption marks a significant shift towards tech-enhanced inventory management in grocery retail.
The platform's algorithms provide store staff with organized, near-expiry product lists and actionable recommendations, streamlining surplus management.
AI-driven discount optimization uses historical data to set SKU-specific discount rates, boosting revenue from near-expiry products.
Major grocers like Carrefour and Aldi are partnering with Too Good To Go, indicating a growing trend towards tech-driven surplus management in the retail sector.
How will AI integration reshape the future of grocery retail and surplus food management
Each week we select most important sector news and statistic
so that you can be up to speed