How Invafresh Leverages AI to Help Retailers Save
According to a new survey from tech platform Invafresh, retailers are increasingly concerned about inflation, supply chain disruptions and competition from digital-first grocers.
The study was conducted alongside Sapio Research, and spoke to 104 tech decision makers within the grocery sector in the U.S. and Canada. The results showed that 58% of grocers ranked inflation as one of the biggest threats to their business, followed by supply chain disruptions (48%) and labor costs and availability (43%).
Only a little more than half (55%) of grocery retail companies currently utilize automated demand forecasting, the technology that Invafresh offers. Retailers said that overall cost reduction measures (48%) and a growing preference for fresh food and maintenance of fresh food quality (43%) were the main drivers for automating grocery store operations.