Technology is so powerful — if we can use it effectively in the produce industry, we’ll be able to prevent waste, add days of shelf life to product, and multiply the profitability of all constituents across the supply chain. As a result, fresh-first technology unlocks the potential to drive transformative value for business, people and the planet.
During the 3-month pilot period, Afresh helped produce teams optimize ordering and inventory management. As a result, sales increased by +2.5%, inventory holds decreased by +7.4%, and inventory turns improved by +6.7%.
To find new ways to prevent food surplus in stores, to exit any food surplus and to then re-use food waste, the ECR Retail Loss group, a network of hundreds of global retailers, have been on the search for innovations in partnership with Co:Cubed—an agency who monitor more than 12 million startups worldwide.
Matt Schwartz, CEO and Co-Founder at Afresh, emphasized that, with fresh food comprising an essential part of grocery, there is a strong need for new solutions; the Afresh platform drives greater accuracy and enables better ordering and inventory decisions.
“This round of funding proves that climate tech is important to investors and shows we’re building technology that the world needs,” CEO and co-founder Matt Schwartz said. “I am certainly excited about this financing, but I’m more energized by our team, the phenomenal work we do to be of service to our grocery customers and the positive social impact we’re making.”
Minnesota food retailer Cub has rolled out across its corporate stores the Fresh Operating System from Afresh Technologies, a provider of artificial intelligence-powered technology built specifically for fresh categories within grocery.
Afresh Technologies, the leading provider of AI-powered technology built specifically for Fresh categories within grocery stores, announced today the rollout of its Fresh Operating System across CUB stores. After utilizing Afresh's predictive ordering and merchandising solution in select stores, CUB, Minnesota's largest grocery store serving millions of customers each month, quickly recognized significant improvements to inventory turns and product freshness for consumers, material labor efficiencies for store personnel, and a profound reduction in food waste across their supply chain. Read more here.
Afresh, a technology company that uses artificial intelligence to help reduce food waste at grocery stores, has raised $115 in a Series B round led by Spark Capital, according to a press release last week. Walter Robb, senior executive partner at S2G Ventures and former co-CEO of Whole Foods Market, participated in the round.
Learn what inspired Afresh co-founders Matt Schwartz, Nathan Fenner and Volodymyr Kuleshov, to create the world's first purpose-built solution for fresh from The Spoon.
Afresh will use the investment to scale across thousands of stores and expand the footprint of its flexible solution for forecasting, inventory, ordering, and store operations.
Employees say: “Leadership is extremely transparent about what’s going on with company and where we’re headed, and at the same time provide so much enthusiasm and energy to the people that work for them. Not only are we developing a technology that will save companies millions of dollars, but we are having an even larger impact on decreasing the amount of food that is wasted in the grocery supply chain. That’s incredible!”
Becoming a more sustainable business while maximizing profits is a balancing act today’s grocery retailers are continually challenged to perform. Progressive Grocer reached out to Matt Schwartz, CEO and co-founder of Afresh, to learn how the company’s AI-powered Fresh Operating System can help grocery retailers achieve that balance by reducing food waste in fresh.
Retail is an industry of innovation, constantly changing to meet the demands of customers. That’s why NRF invited Afresh to share how technology advances are transforming the retail industry at The Retail Experience at the 2022 Retail Advocates Summit on July 28.
This year’s winners of the 40 Under 40 Produce Business awards illustrate the strength and depth of the industry’s talent — and each one has demonstrated leadership growth and keen insight into building our industry. Afresh CEO and co-founder Matt Schwartz is honored to receive this award.
If working for a company that has ambitions to change the world is the dream, then the 160-plus employees of Afresh have passed the “living the dream” stage of evolution and moved on to implementing the dream. San Francisco company Afresh, ranked third among small businesses on the Top Workplaces list, is on a mission to “eliminate food waste and make fresh food accessible to all.” It says it is on track to prevent 34 million pounds of food waste by the end of 2022.
Too Good To Go is always eager to share more background on the many creative solutions being used by sustainable companies to fight food waste. For example, how can optimized demand planning help the planet? That’s where Afresh Technologies is disrupting grocery retail for the better. Afresh Technologies offers grocery retailers an operating system built specifically to help them stock fresher food and reduce waste. Too Good to Go recently sat down with their CEO Matt Schwartz, to chat about Afresh’s approach to sustainability, the importance of data, and his thoughts on the future of food.
While focused on API performance and scalability as a Full-Stack Software Engineer at Afresh, Harry Kao joined the organization first and foremost to help reverse climate change. Learn more about the motivation underlying his daily work – and its impact on the planet.
Every year, $1 trillion of food gets thrown away, and the cost is much higher in the long run. Read our free ebook to answer questions like: What is food waste; how do we fix the food waste problem; and what can we all do to help keep food out of landfills.
CB Insights has unveiled the winners of the sixth annual AI 100 — a list of the 100 most promising private AI companies across the globe. Afresh was included under the retail industry-specific application.
Food waste is a solvable problem, but it will take a village to get there. To shine a light on the important solutions already at work to eliminate food waste, Afresh hosted a webinar with Imperfect Foods, Apeel, and Too Good to Go.
With a Ph.D. in Space Science and a career that has spanned startups to tech giants, Director of Machine Learning Lois K. Smith is no stranger to exciting challenges. Still, it wasn’t until she interviewed with Afresh that she learned how she could apply her gift of a love for research to help eliminate food waste.
Food waste happens in every segment of the supply chain, which means we all have a role to play in limiting it. From farms to restaurants, grocery stores and households, there are plenty of opportunities for delicious innovation. On April 27th, Imperfect Foods, Too Good To Go, Afresh and Apeel shared some groundbreaking efforts already at work safeguarding an avocado’s journey from the fields to your fridge. Learn how you can be part of the solution too!
April 27th is Stop Food Waste Day and four companies are banding together for an online discussion to talk about how technology innovation is being used to combat the problem. In the US, 35% of all food is unsold or uneaten, translating to $408 billion in wasted food at a time when 1 in 8 Americans are food insecure. Imperfect Foods, Too Good to Go, Afresh, and Apeel will discuss how stopping food waste can help curb climate change and highlight some of the important work already being done.
AI can enable detailed waste tracking that offers retailers insights into which products they are throwing away and when and why that waste occurs. Technologies that quantify, categorize, and pick up patterns in food waste can help companies optimize their supply and offerings based on data. For example, by using Afresh's AI-based platform, retailers have avoided wasting 6.9 million pounds of food.
Sustainability is a topic grocery retailers know they must address. That is especially important in their fresh departments, where food waste has become a key supply chain challenge. Matt Schwartz, CEO and co-founder of Afresh, explains how the Afresh Fresh Operating System enables fresh teams to champion sustainability, prevent waste, and keep shelves full and fresh, too.
Fresh departments are the most important—and most difficult—to manage and that means stores need top employees that stick around + better training tools for new team members. Fresh-first technology is the right tool for the right job. It helps employees be more effective, drives adherence and retention, and improves employee happiness.
Afresh was founded in 2017 with the mission of eliminating food waste and making fresh food accessible to all. Since then, we’ve learned so much! Here’s a taste of what we’ve uncovered after five years focused on fresh.
Food waste, and particularly waste from fresh meats and vegetables, is a continued drag on grocers’ bottom lines. Afresh CEO Matt Schwartz sits down with Chris Walton and Anne Mezzenga of Omni Talk for a special Shoptalk Edition of the their ongoing Spotlight Series to share how his company helps grocers solve this problem.
Afresh Customer Success Lead Julia knew she wanted to find value alignment between her work and her personal desire to contribute to climate solutions. Her search led her to find a like-minded community at Afresh that is similarly motivated to leverage their skillsets towards making real change.
For decades, fresh department employees have dreaded the time-consuming task of placing an order. Although the process has evolved some, store teams want tools that empower their decision-making instead of leaving them behind in the digital dust.
Afresh's commitment to our communities extends beyond our products and technologies. We’re creating a workplace that embraces diversity, equity, inclusion, and belonging (DEIB), and where everyone can make an impact while being celebrated for their fully authentic selves.
It’s not often that a tech company and a nonprofit have goals that are so closely aligned. Afresh Technologies, Inc., is a San Francisco-based software publisher whose use of artificial intelligence enables grocery retailers to meet customers’ demand for produce. Similarly, the San Francisco-Marin Food Bank is trying to satisfy the basic human need for nourishment, despite a dearth of volunteers to deliver the goods. So it made sense that Afresh teamed up with the food bank and in November began offering its employees to work on the front lines handing out free staples to hungry families.
Albertsons Companies is set to deploy an AI powered platform from Afresh Technologies across its more than 2,200 supermarkets in 34 US states.The predictive ordering and inventory solutions will help it to optimise fresh food forecasting, inventory, ordering, merchandising and operations.
Albertsons Companies 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.
Fresh supply chain specialist Afresh Technologies is partnering with Albertsons to help the retailer reduce waste, increase sales and provide its customers with the freshest foods. Under the deal, all Albertsons banner stores will use Afresh’s Fresh Operating System.
Albertsons Cos. has partnered with Afresh Technologies to use its AI-powered predictive ordering and inventory solutions in an effort to reduce waste and offer the freshest product for customers, the company said. Afresh will help to optimize fresh forecasting, inventory, ordering, merchandising and operations for the Boise, Idaho-based grocer.
Albertsons Companies will enhance its fresh offerings with San Francisco, California-based Afresh Technologies’ AI-powered predictive ordering and inventory solutions to reduce waste and offer the freshest products for customers. Afresh will help Albertsons’ optimize fresh forecasting, inventory, ordering, merchandising and operations.
Albertsons Cos. plans to deploy the Afresh fresh-food optimization platform at its nearly 2,300 stores in 34 states. The artificial intelligence-powered Afresh Fresh Operating System will be used to sharpen fresh department operations across Albertsons Cos. supermarket banners, helping stores reduce shrink, accelerate stock turns to provide shoppers with fresher produce and, in turn, boost sales and profits, the companies said Thursday.
Albertsons Companies 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.
Albertsons Companies will enhance its fresh offerings with Afresh Technologies' AI-powered predictive ordering and inventory solutions to reduce waste and offer the freshest product for customers, according to the technology provider. Afresh will help Albertsons optimize fresh forecasting, inventory, ordering, merchandising, and operations.
Albertsons Companies Inc. is optimizing fresh forecasting, inventory, ordering, merchandising, and operations. The grocery giant is deploying artificial intelligence (AI)-enabled predictive ordering and inventory solutions from Afresh Technologies to reduce waste and offer the freshest product for customers. Albertsons Cos. will utilize the Afresh AI technology platform in all its stores to create competitive differentiation in its fresh offering to customers while helping to reduce food waste, ultimately reducing greenhouse gas (GHG) emissions and saving water.
Strawberries are the most popular fruit in the U.S., with blueberries coming in second. By now, consumers expect fresh berries to be in stock all year long. And for fresh department teams, that can be a challenge. We pulled in industry expert Scott Schuette to share his best practices for dealing with the winter berry blues!
Afresh has grown by leaps and bounds in 2021, from opening a new office in downtown San Francisco to welcoming more than 80 new team members. As we wind down the year, we’re celebrating some massive milestones, with many more to come in 2022. It’s an exciting time to join us at Afresh!
Fresh departments are the star of every supermarket and a Fresh Operating System gives store teams to technology, tools, and data they need to make them shine - learn how in the playbook. AI has become ubiquitous in the grocery industry, but its application has been surprisingly absent from the most strategic area of the store: fresh departments. In this whitepaper, you will learn. Why legacy solutions, even those that use AI, fail when used in fresh. What makes AI uniquely suited for all of fresh’s challenges, and, how Afresh’s fresh-centric AI effectively transforms fresh departments
Afresh and its employees recently adopted a Bay Area food bank. Going beyond cash donations, the company has also pledged to help the San Francisco-Marin Food Bank with volunteers once a week. Afresh employees volunteering their time will allow the food bank’s staff to deploy other volunteers to other food banks and pantries that are struggling with boots on the ground as they meet increased demand.
Food waste problems are 100x more complex with fresh produce like vegetables, fruits, and leafy greens. Find out why and how artificial intelligence can help retailers buy the right amount of produce at the right time.