AI’S FOOD FORECAST GROWS EFFICIENCIES
Festival Foods is partnering with Upshop, using AI to improve its fresh-food operations and “scale operational efficiencies.” The partnership is expected to help Festival Foods improve its forecasting and inventory management, reduce food waste, and elevate customer satisfaction.
WALMART TARGETS SUMMER VACATIONERS
Walmart is testing a new store format dubbed General Markets. About a tenth the size of a traditional Walmart, General Markets will be located near popular vacation destinations and will carry a limited, site-specific collection of products, from drinks and snacks to souvenirs and beach necessities.
SNACKS STILL RULE
Snacks remain a hot category in 2023, and retailers are well positioned to capitalize on them this season. Spicy flavors, sweet and salty combinations, and better-for-you options are all popular trends in the snack category.