3 Ways Machine Learning Can Support Smarter Replenishment for Fresh Food
How can fresh retailers remain competitive and relevant? In McKinsey’s article, “The secret to smarter fresh-food replenishment? Machine learning.”, Christoph Glatzel, Matt Hopkins, Tim Lange and Uwe Weiss estimate that fresh, and more recently “Ultra-fresh,” foods account for 40% of grocers’ revenue and a third of their costs. This category has been least well served by traditional replenishment planning systems.