AI in Grocery Retail and FMCG – Page 12
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NewsMedia Bites 26 Oct: Amazon, Impossible Foods, Coca Cola
Amazon’s investment in expanding its one-day delivery service triggered the first fall in quarterly oprating profits in over two years, spooking investors and wiping $80bn from the retailer’s market cap.
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NewsWinnow targets $1bn food waste reduction following £9m fundraise
The technology startup last week raised more than £9m in a funding round
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NewsTesco to trial checkout-free Amazon Go-style store at Welwyn HQ
Tesco has also made an equity investment in Trigo, the provider of the technology
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NewsCity snapshot: Farmdrop promotes CFO Herrin to CEO to deliver on ‘huge opportunities’
Local farm-to-consumer food delivery service Farmdrop has promoted CFO Eleanor Herrin to the role of chief executive officer. Plus, a look ahead to the rest of the week’s events and all the rest of latest news from the City
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NewsMedia Bites 17 September: Aldi, Asda, Meat Substitutes
Aldi has revealed plans to more than double the number of outlets within London’s M25 thanks to smaller-format shops proving more successful than it had expected
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.
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NewsMedia Bites 27 Aug: Asda/Walmart, Grenade, Melton Mowbray
Asda has told suppliers it is putting the development of new products on the back-burner as US owner Walmart looks to slash costs and considers a stock market float.
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NewsFarmdrop adds £5m to total raised as it expands across UK
Farmdrop has issued just over £5m worth of new shares as it continues its nationwide expansion
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NewsCoca-Cola to trial delivery robots at Alton Towers
Coke said the technology could be scaled up to be used in larger delivery vehicles
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NewsFive food businesses join Made Smarter digital technology programme
Bell Mount Farming, Blends Holdings, Bells of Lazonby, Lancashire Farm Dairies, and Len Wright Salads are the latest companies to participate
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NewsNeil Nugent joins Firestorm to back AI food trends predictor project
Firestorm is also planning to pilot a consumer-facing shopping app before Christmas
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Comment & OpinionAI pie shows hive mind has a future in flavour
Artificial intelligence is revolutionising grocery, from produce picking in fields to delivering groceries via robot
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NewsGousto to expand automation and AI as it secures further £30m cash injection
Meal kit delivery business Gousto has secured further £30m in funding to expand automation and grow its technology team.
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NewsMedia Bites 2 July: Pret A Manger, Sainsbury’s, Thorntons
Pret A Manger chief executive Clive Schlee will step down in September to be replaced by Pano Christou, chief operating officer
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NewsMedia Bites 11 June: Ocado, Sainsbury's/Asda, Amazon
Ocado is getting in early into what may become a profitable niche of the global food supply chain with its £17m plans to roll out vertical farms near its existing warehouses.
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Analysis & FeaturesCan Jon Faiman deliver on Waitrose's £1bn online sales promise?
Tension over the M&S divorce is mounting as Ocado co-founder sets up rival tech firm to help
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NewsWaitrose hires Faiman to triple online sales
Waitrose plans to build three new state-of-the-art automated warehouses to turn its online operation into a £1bn business – with the help of Ocado co-founder Jonathan Faiman.
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Comment & OpinionGrocery sector needs to slice and sell assets to be fit for the future
Companies are reassessing assets more frequently, says David Murray, consumer products and retail transactions leader at EY
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News'Big UK grocer' to open Amazon Go-style store this year
Portuguese tech startup Sensei is working with an unnamed “very big” UK grocer on an Amazon Go-style store
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NewsMedia Bites 26 March: Majestic Wine, The Co-op, Ocado
Majestic Wines has said it plans to close stores, sell assets and focus on its online Naked Wines business