Invafresh, the industry leading fresh grocery platform, today announced that The Globee® Awards, organizers of world’s premier business awards programs and business ranking lists, has named Invafresh a Gold winner in the 14th Annual 2022 Golden Bridge Business and Innovation Awards.
Invafresh’s innovation is derived from our product innovations and relentless drive to stay customer and sustainability focused. That innovation has resulted in us being able to integrate vast amounts of data into machine learning algorithms to forecast intelligently and accurately, replenish orders, plan production, manage inventory and recipes, and ensure food traceability and regulatory compliance.
The enemy of Fresh is time, so to win in Fresh, grocery retailers must implement the right fresh-native technology to balance demand with supply and availability. Having the right information at the right time and knowing how to operationalize the data makes the difference in profits, performance, and sustainability.
The bottom line? Grocery retailers using the Invafresh Fresh Retail Platform have been able to save a combined $150 million in annual food waste this past year and reduce excess shrink by 30%. And, they have been able to deliver a fresher shopping experience to their customers.
Congratulations to the talented Freshologists at Invafresh for their innovative thinking who helped contribute to Invafresh being named the Gold Winner in the Most Innovative Tech Company of the Year and to our customers for their partnership!
Customer Success with Invafresh
Price Chopper now prevents 20 tons of fresh food from being wasted each week and is projected to prevent more than 3,000 tons of food waste over the next three years across its 131 stores. This reduces its methane emissions from landfills, lessening its carbon footprint, and helping to fuel a more sustainable, circular economy.
The Invafresh Recipe Management module centralized all aspects of Coborn’s in-store production from recipe creation, maintenance, cost allocation, nutritional labeling, through to standardization of products with in-store preparation guidelines. Every store is now also able to ensure compliance with the USDA Ground Beef Recordkeeping with the Invafresh food traceability module.
Loblaw is 85% production compliant, with shrink reductions, increased sales through those reductions and eliminations of opening holes, increased assortment to meet merchandising plans, labor efficiencies and planning, proactive management of promotional activities, and better item assortment.
Schnucks is now 97% compliant with planning and operations, shrink is down to 17% and merchandising fully stocked.
Bashas’ lowered bakery shrink by 5% and 3% in their Food City bakery since the upgrade. They have shifted their internal culture to focus on production planning.
Sprouts Farmer Market’s labor efficiency now enables them to optimize their production planning and operations.