SAN FRANCISCO, Jan. 27, 2022 /PRNewswire/ -- Albertsons
Companies (NYSE: ACI) will enhance its fresh offering
with Afresh Technologies' AI-powered predictive ordering and
inventory solutions to reduce waste and offer the freshest product
for customers. Afresh will help Albertsons Cos.' optimize
fresh forecasting, inventory, ordering, merchandising and
operations.
Afresh Technologies enables Albertsons Cos. to deploy a
state-of-the-art AI technology platform in all its stores to
further differentiate its fresh offering to customers while helping
to reduce food waste, ultimately reducing greenhouse gas (GHG)
emissions and saving water.
"By partnering with Afresh, we are now able to improve our
processes to better manage our fresh product supply and provide our
store teams with a tool to better predict demand and monitor
inventory," said Susan Morris,
EVP and Chief Operations Officer of Albertsons Companies, "Managing
these variables ultimately allows us to offer our customers even
higher quality fresh products and further reduce our food
waste."
As one of the U.S. Department of Agriculture's Food Loss and
Waste Champions, Albertsons Cos. will be able to achieve, with
innovative solutions like Afresh, its goal to reduce food waste by
50% by 2030. Additionally, Albertsons Cos. is committed to setting
a science-based carbon reduction goal, and food waste will help
reduce the carbon footprint within the company's value chain.
"We know that fresh food drives the global grocery
industry, yet the lack of technology for fresh departments causes
immense food waste and expensive losses. We're honored to
support Albertsons Cos.' investment in, and demonstrated
velocity of, technology and innovation, which is making the grocery
experience better and more efficient for both the retailer and its
shoppers," said Matt Schwartz, CEO
and co-founder of Afresh.
About Afresh
Afresh is the world's leading fresh
technology company. Afresh's AI-powered solutions optimize critical
functions in fresh food, including ordering, inventory,
merchandising, and operations. Afresh significantly reduces food
waste, improves its partners' profitability, and makes fresher,
healthier food more accessible to all. Founded in 2017 with the
mission to eliminate food waste and make fresh food accessible to
all, Afresh has grown rapidly with grocery customers across the US.
Today Afresh has announced partnerships with grocers in
over 3,000 stores and 40 states, including Albertsons,
WinCo Foods, 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 that
operates stores across 34 states and the District of Columbia with more than 20
well-known 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.
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SOURCE Afresh Technologies