Citing data from the National Retail Federation, Toshiba said retail shrink accounted for $94.5 billion in losses in 2021 in the United States and continues to be a critical challenge for retailers.
SpartanNash is expanding its use of Upshop’s AI-powered Magic application to optimize localized inventory, bolster efficient merchandising strategies, and improve sustainability, according to the company.
The insights are designed to strengthen suppliers’ marketing and merchandising efforts and include store and category recommendations, fill rates, voids, as well as deduction and food waste dashboards, according to the company.
The company's management platform PLM TrustLink was named a 2023 “Top Food Chain Technology” by Food Chain Digest, the official magazine of Food Shippers of America.