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Artificial Intelligence | Machine Learning | Knowledge Representation and Reasoning Wasteless | Pricing Engine and Smart Markdowns

Computer Software, Internet, Supply Chain Management, Dynamic Pricing Tel Aviv, Israel

Artificial Intelligence | Machine Learning | Knowledge Representation and Reasoning

Wasteless | Pricing Engine and Smart Markdowns

Computer Software, Internet, Supply Chain Management, Dynamic Pricing

Tel Aviv, Israel

Wasteless is the world’s first machine learning and realtime tracking solution for grocery stores to offer customers dynamic pricing based on product expiration date. We help retailers optimize markdowns, increasing their profitability substantially. A winner of numerous accolades, including from Kairos, Seeds & Chips, Emerce Best European Start-up, AGFunder and Foodbytes by Rabobank NYC, we primarily aim to repair the broken food system by pre-empting food waste. In fact, Wasteless more than halves waste in food retail, and increases the revenues through markdown optimization. Minimizing Food Waste is one of the most impactful measures against climate change, according to Drawdown.org. It can reduce carbon emissions by up to 70GTon over the next 30 years. Since supermarket waste is around 5% of total emissions, we're in the area that can have an effect of some 3GT reduced green house gas emissions ! For supermarkets, it's also a highly lucrative opportunity. BCG found that reducing food waste by supply chain optimization, and in particular dynamic pricing, is a global €100 Billion opportunity. Refed found that for US grocery retailer