Too Good To Go is Targeting Food Surplus Management with an AI Solution
Michael Hemsworth — January 27, 2024 — Business
References: toogoodtogo & foodbev
To Good To Go has announced a new artificial intelligence (AI)-powered solution for helping with food surplus management to help reduce the occurrence of avoidable food waste.
The solution makes use of a five-module platform where expiry date management, recommendations, intelligent discount, marketplace and donations can be managed. The algorithms uses on the platform will provide staff with a list of near-expiry products that need to be pushed to prevent them from spoiling. The intuitive nature of the platform is expected to accelerate the capabilities of grocers.
CEO Mette Lykke spoke on the new food surplus management solution saying, "Every day, we drive many thousands of users into retail stores, helping our partners generate revenue and footfall from surplus food. With the introduction of the Too Good To Go platform, we can now also support their in-store inventory management, helping them make a significant difference to both their bottom line and the reduction of food waste."
The solution makes use of a five-module platform where expiry date management, recommendations, intelligent discount, marketplace and donations can be managed. The algorithms uses on the platform will provide staff with a list of near-expiry products that need to be pushed to prevent them from spoiling. The intuitive nature of the platform is expected to accelerate the capabilities of grocers.
CEO Mette Lykke spoke on the new food surplus management solution saying, "Every day, we drive many thousands of users into retail stores, helping our partners generate revenue and footfall from surplus food. With the introduction of the Too Good To Go platform, we can now also support their in-store inventory management, helping them make a significant difference to both their bottom line and the reduction of food waste."
Trend Themes
1. AI-powered Food Surplus Management - The Too Good To Go platform utilizes artificial intelligence to effectively manage and reduce food wastage by providing near-expiry product recommendations and intelligent discounts to prevent spoilage.
2. Expiry Date Management Optimization - The five-module platform offered by Too Good To Go enables retailers to optimize their inventory management by identifying near-expiry products that need to be pushed, reducing the amount of avoidable food waste.
3. Intuitive Food Surplus Marketplace - The introduction of the Too Good To Go platform creates a user-friendly marketplace that connects retailers with consumers, promoting the purchase of surplus food and further reducing food waste.
Industry Implications
1. Grocery Retail - The Too Good To Go platform presents an opportunity for grocery retailers to enhance their inventory management processes and reduce food wastage by utilizing AI-powered expiry date management and recommendation systems.
2. Food Service - The AI-powered food surplus management solution offered by Too Good To Go can benefit the food service industry by enabling better inventory control, reducing food waste, and optimizing revenue generation from surplus items.
3. Sustainability - The introduction of Too Good To Go's AI-powered platform for food surplus management contributes to sustainability efforts by reducing avoidable food waste and promoting responsible consumption in various sectors.
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