Due to rising inflation worldwide, the past months have been volatile, and not unexpectedly, its echoes affected the revenues and profits of the food industry.
However, according to Deloitte’s research, even with inflation numbers at their highest in decades, most customers (84%) still purchase fresh food monthly. As the COVID-19 pandemic has tragically emphasized, diet and health go hand in hand, and people with unhealthy eating habits are more vulnerable to infections than those with good diets. This made many consumers reconsider their lifestyle choices and prioritize fresh food in their diets.
That opens up several opportunities for fresh food producers and grocers. As food is the number one necessity good, and people are now more aware of the importance of a good diet,
producers and retailers could win this battle by offering reliable products and ensuring the freshness and quality of their products. This becomes particularly important regarding fruits and vegetables, as consumers want to avoid buying spoiled food.
Keeping track of fresh produce is a challenging problem for a grocery store. Avocado spoils over time. Berries spoils quickly. With perishable dates fast approaching, how can stores avoid financial losses from unsold, expired products while ensuring that customers have enough ripe and edible food options that they desire? This is where fresh food monitoring comes into play.
As technology advances and we develop novel ways of integrating machine learning into our daily operations in many industries, now there is a better solution to avoid food waste in retail: Fresh Food Monitoring. The fresh food monitoring system is an AI-driven, real-time digital tracking system that ascertains fresh produce’s shelf life in retail stores. By analyzing feeds from IP cameras, this technology reduces food retailers’ financial losses due to spoiled goods and eliminates operational complexities.
This technology helps retailers dramatically reduce costs and food waste and contributes to a more sustainable future where food scarcity is one of the growing concerns. Additionally, Fresh Food Monitoring offers real-time and predictive analytics about sales and food decay and helps with better inventory management. It also nudges stores to take immediate action.
How Retailers Can Benefit From AI-Based Fresh Food Monitoring
What makes an intelligent, fresh food monitoring system the perfect choice for food retailers? Here are six powerful reasons to start leveraging its advantages now:
Cost savings
By using Cognitiwe predictive ai solutions, retailers can lower costs caused by food spoilage and waste. Also, constantly monitoring the conditions of the fruits and vegetables and ensuring they are always fresh with real-time data significantly increases customer satisfaction and sales.
Food quality
AI-based fresh food monitoring can also help retailers ensure they provide fresh food products to their customers. By detecting when a product is likely to go bad, retailers can take steps to remove it from the box and prevent customers from consuming spoiled food.
Customer satisfaction
Retailers can improve customer satisfaction and increase business by consistently providing fresh, higher-quality food products. As a result, customers are more likely to return to a store that consistently delivers fresh, high-quality products.
Environmental impact
Food waste is a major environmental problem. AI-based fresh food monitoring can help reduce the amount of food waste generated by retailers. By reducing spoilage and waste, retailers can help to lower the amount of food that ends up in landfills, which can have a significant positive impact on the environment.
Cognitiwe’s AI-Powered Fresh Food Monitoring
Cognitiwe is the first company that used artificial intelligence in fresh mood monitoring. Cognitiwe provides a groundbreaking solution that monitors the shelf life of your fresh foods, allowing you to identify when items are no longer in peak condition before they become waste.
By leveraging a retailer’s camera system to analyze product photos, Cognitiwe’s Fresh Food Monitoring can detect instances of food decay and predict how long it’ll take before rotting. Thus, this system enables food retailers to automate daily monitoring operations and reduce human error.
Here’s a glimpse into Cognitiwe’s Fresh Food Monitoring system: The AI technology behind the system is being continuously trained with pictures of fruits and vegetables using advanced deep-learning technology, which makes it more precise and reliable than human vision. What’s even better: you can quickly deploy wefresh, Fresh Food Monitoring, using your existing IP cameras – no extra investment required!
Unlock the potential of Cognitiwe’s AI and computer vision technologies to combat food waste in retail. Our cutting-edge solutions also provide a clear understanding of your stock levels, allowing for precise display times so customers can always access fresh foods when needed.
