{"id":134656,"date":"2024-10-16T07:59:03","date_gmt":"2024-10-16T04:59:03","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/how-dynamic-pricing-tech-is-cutting-grocers-food-waste\/"},"modified":"2024-10-16T07:59:03","modified_gmt":"2024-10-16T04:59:03","slug":"how-dynamic-pricing-tech-is-cutting-grocers-food-waste","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/how-dynamic-pricing-tech-is-cutting-grocers-food-waste\/","title":{"rendered":"How Dynamic Pricing Tech is Cutting Grocers\u2019 Food Waste"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/134656\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>U.S. grocers generated 4.99M tons of surplus food in 2022, and nearly 35 percent of it was landfilled or incinerated, taking a toll on the environment and on retailers\u2019 bottom line. Food lost at the store level is worth, on average, double the profits from food sales, reports ReFED.<\/p>\n<p>But a process called dynamic pricing has potential to turn the tide. It\u2019s a way to slash food waste and its associated costs by discounting items as they draw nearer to their expiration dates. Software developer Wasteless offers an artificial intelligence-powered application to achieve those very goals. Its dynamic pricing software not only helps incentivize consumers to buy food that would otherwise become waste but does it in a way where retailers can make a profit.<\/p>\n<p>The company\u2019s markdown software leverages deep learning to determine what foods to discount, how much to discount them, and when to do it. The smart tech monitors and analyzes data such as how much stock is onboarded to shelves, when it was put out, and expiration dates. Items are automatically priced according to their freshness. Launched in 2017, the company caters to 1,000 stores across 18 grocery chains in the U.S. and Europe. Customers realize at least 20 percent more revenue\u2014sometimes up to 50 percent\u2014leveraging this price optimization app.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.waste360.com\/food-waste\/how-dynamic-pricing-tech-is-cutting-grocers-food-waste\">Waste360<\/a><\/p>\n<p><p>&nbsp;<\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/2-609\/\">How Dynamic Pricing Tech is Cutting Grocers\u2019 Food Waste<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[16514,575,1589],"class_list":["post-134656","post","type-post","status-publish","format-standard","hentry","category-news","tag-dynamic-pricing","tag-environmental-news-en","tag-food-waste"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=134656"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134656\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=134656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=134656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=134656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}