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By implementing Wasteless end-to-end solution, this Italian retailer cut down waste levels by half and increased product margins by 1.2 percentual points, boosting their brand image and keeping freshness at the optimal level.
Focusing on high-rotation, perishable products like salads, fruits and ready-to-eat meals, one of the largest Spanish retailers bet on Wasteless to reduce waste and increasing top line revenues by 6%.
Capgemini and its partners Wasteless, Toshiba TEC, Intel, and Hanshow, have developed an integrated end-to-end solution to markdown fresh products optimally. This has proven to be an effective and profitable solution to minimize food waste.
Dynamic pricing - the process by which the price of a specific product fluctuates based on a predefined set of conditions - has the ability to transform revenue management in brick and mortar retail. And while dynamic pricing is common in e-commerce, hospitality, and other consumer applications, food retailers have been slow to adopt similar pricing strategies. However, technological progress has lowered the implementation barrier and heightened the imperative for progressive pricing.