Afresh

Afresh has designed artificial intelligence to revolutionize inventory management in grocery stores, specifically for fresh produce. Its aim: to drastically reduce food waste while ensuring a constant supply of fresh, quality food.

Food waste is a global scourge, generating massive CO2 emissions and excessive consumption of water resources. In the United States alone, grocery stores throw away $40 billion worth of uneaten food every year.

Thanks to Afresh's innovative technology, stores can now anticipate needs and adjust their orders in real time, resulting in a significant increase in profits, up to over $100,000 per year per store.

For Matt Schwartz, co-founder and CEO of Afresh, the stakes are crucial: "Food is essential to individual and planetary health. Afresh is committed to ending food waste and making nutritious food accessible to all."

In practical terms, employees in equipped stores simply use their iPads to enter remaining stock, and Afresh's software takes care of optimizing orders.

With the number of customers set to triple by 2021, Afresh now equips 3,300 stores in 40 US states, reducing food waste by an average of 25% and boosting sales by 2-4%, with an operating margin up 40%.

For Matt Schwartz, the message is clear: "We guarantee our financial partners: you will surpass your objectives."

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