Albertsons Companies Selects Afresh Technologies AI Platform

Albertsons Companies Selects Afresh Technologies AI Platform
Press release
January 27, 2022

SAN FRANCISCO, January 27, 2022 — 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 WasteChampions, 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.