We are incredibly excited to announce that Invafresh has been named Sustainability Product of the Year in the 2023 Sustainability Awards program by Business Intelligence Group. The Sustainability Awards honor those people, teams and organizations who have made sustainability an integral part of their business practice or overall mission.
Faced with the concerning truth of 10.5 million tons of food waste produced by retailers annually, we took on a determined mission to support grocery retailers in addressing this issue. By harnessing the capabilities of analytics and AI, we introduced the Fresh Retail Platform—a practical solution that empowers grocery retailers to refine inventory management and demand forecasting. This not only helps in minimizing shrink and overstocking but also equips retailers with essential tools for informed decisions and the promotion of sustainable practices.
Over the past year, we’ve made significant strides in helping our customers achieve their sustainability goals. An outstanding example is our partnership with the leading grocery retailer Price Chopper, where we’ve prevented an impressive 20 tons of fresh food waste each week. This achievement garnered the attention of the Food Waste Reduction and Diversion Reimbursement Program, resulting in Price Chopper receiving a $100,000 grant reimbursement.
Moreover, our efforts have led to the remarkable elimination of $150 million worth of food waste annually across our client base. This achievement underscores our dedication to sustainability and our ability to deliver tangible results that positively impact both the environment and our clients’ bottom lines.
The Big Sustainability Award stands as a testament to our visionary leadership and unwavering commitment to driving innovation and sustainability within the fresh food retail sector. As we continue to pave the way for a more sustainable future, our influence on the industry remains profound.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
Chief Operating Officer
Business Intelligence Group
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