The pandemic has highlighted tremendous opportunities for technology to solve continuing challenges impacting consumer behavior in fresh, said Muntazir Mehdi, senior product manager for analytics and AI for Toronto-based Invafresh, whose technologies are currently being used in more than 25,000 grocery stores in 15 countries.
Highly perishables now make up 39% of grocery stores, and produce alone is nearly 24%. These items have a short lifespan and are ripe for waste if not purchased. And food waste is expensive: shrink costs retailers $52 billion annually.