The secret to smarter fresh-food replenishment? Machine learning

 In International

With machine-learning technology, retailers can address the common—and costly—problem of having too much or too little fresh food in stock.
Fresh food, already a fiercely competitive arena in grocery retail, is becoming an even more crowded battleground. Discounters, convenience-store chains, and online players are recognizing the power of fresh-food categories to drive store visits, basket size, and customer loyalty. With fresh products accounting for up to 40 percent of grocers’ revenue and one-third of cost of goods sold, getting fresh-food retailing right is more important than ever. McKinsey – Read more…

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