Farmstead, a microgrocer based in the US has launched an AI to help in delivering fresh food to their customers, as well as to reduce food waste in the restaurants and households.
The Farmstead AI named FreshAI, studies the company’s historical sales and operations data, as well as the purchase history of clients to predict how much food will be sold each day. It also helps determine how much perishable products should be in stock for minimum wastage, while ensuring high availability for all customers.
Why It Matters
The United States leads the world in terms of food waste with 50% of all produce thrown away both by institutional and individual consumers. That’s roughly 60 million tonnes or $160 billion in cash annually.
The Context
Half of all US food produce is thrown away, new research suggests.
Suzanne Goldenberg, published on July 13, 2016
While US consumers waste this huge amount of food, on the other side of the world, over 705 million people are reported to be in extreme poverty and are experiencing hunger.
Max Roser and Esteban Ortiz-Ospina, Global extreme poverty
Farmstead Launches New ‘Fresh AI’ Platform That Applies Artificial Intelligence To Help Food Companies Reduce Waste And Improve Margins
SAN FRANCISCO, March 20, 2018 /PRNewswire/ — Farmstead, the nation’s first AI-powered digital micro-grocer that sources and delivers fresh foods from farm to…
https://www.prnewswire.comfarmstead-launches-new-fresh-ai-platform-that-applies-artificial-intelligence-to-help-food-companies-reduce-waste-and-improve-margins-300616003