Kiran Gange, August 17, 2020
Nobody like to see food going to waste. Especially when there are a lot hungry people around the world and people who do not have access to healthy fresh produce.
According to one shocking statistic - 50% of all bananas grown are never consumed.
Clearly there is an opportunity to connect unsold food with the hungry and this process can be improved through technology and better cooperation. The RapidPricer solution automatically sends an alert to the local food donation agency when the algorithm determines that the amount of inventory level cannot be moved at discounted prices within the limited shelf life of the produce.
This is possible by combining various technologies such as image recognition, shelf life determination using neural networks and data integration across various agencies and store managers on a platform already built.
Our goal is to put food into a hungry stomach instead of a trash can and to reduce food wastage one banana at a time. The RapidPricer solution can reduce food wastage by at least 10%.
RapidPricer helps retailers to increase margin and reduce waste by automating pricing and promotion in real time unlike traditional consulting solutions.
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