Retail Insight, an AI-powered analytics platform for grocery retailers, announced significant enhancements to its WasteInsight platform with several powerful new capabilities-Stock Exit Management, Intelligent Donation Enablement, and Food Safety Warnings. These new features build upon the company’s existing expiration date management solutions, Prompted Markdowns and Dynamic Markdowns, further expanding WasteInsight’s impact on food waste reduction and inventory optimization.
This advanced tool helps grocers transform food waste from a financial burden into a strategic opportunity, enabling retailers to ensure food safety compliance while preventing chronic overstock issues before they arise.
In an era where approximately one-third of all food produced globally goes to waste, these AI-driven insights enable retailers to simultaneously boost profit margins, streamline operations, and meet increasingly stringent regulatory requirements for waste reduction and food safety. The platform delivers on the emerging reality that waste reduction has become a key performance indicator carrying as much strategic weight as revenue growth and customer loyalty.
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“Food waste has moved from a backroom operational headache to a boardroom-level priority for U.S. grocers,” said Alex Considine Tong, Chief Product Officer of Retail Insight. “With razor-thin margins and heightened consumer scrutiny, retailers can no longer afford to treat waste as a mere line item expense. Our expanded WasteInsight platform turns this challenge into an opportunity. We’re equipping our customers with not just better visibility, but enhanced AI-driven foresight to act before stock becomes a problem. That’s a game-changer for retailers and a big step toward reducing both waste and risk.”
SOURCE: PRNewswire