Working to Make a Difference with Food Wastage

Posted by Andrew Dark on Aug 9, 2016 10:00:00 AM

Andrew Dark, CEO, Displaydata

At Displaydata, we are encouraged by the new standard leading
grocery retailers worldwide continue to set for the rest of the industry. And, as we blogged about last October, tecnology’s role in the effort to reduce food wastage globally is continually growing. In retail, dynamic pricing is being implemented by grocers to strategically price perishable items throughout the day, to encourage shoppers to purchase those items. In our experience, we’ve found retailers that decrease pricing by 1% throughout the day, see an increase in sales of 2.62% on average. To further reduce their environmental impact, retailers are using digital signage like ESLs to display the pricing changes instead of traditional paper tags, allowing for a more flexible pricing strategy without excess waste. 

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Topics: retail, Pricing, Waste Management, supermarkets, Inventory Management, grocery, zero-waste