Company Description
Freshflow is building the food supply chain technology of the future to reduce global food waste.
Freshflow is a new way to manage fresh products for grocery retailers. We do accurate order forecasting, replenishment, and inventory control that massively reduce food waste while still keeping shelves full. Doing that we reduce global carbon emissions, make fresh food cheaper and more available, and generate millions in profits for our clients.
Today, more than 40% of all food produced globally is wasted. Food waste produces carbon emissions 6x higher than the entire aviation industry and if it were a country, it would be the third-largest emitter of greenhouse gases, right behind China and the US. Besides that, it also causes $1.2 trillion/year in losses.
Grocery retailers throw away 15% of their fresh products due to poor ordering decisions. Order quantities are most often based on gut feeling or, at best, spreadsheets or traditional forecasting and replenishment software. Juggling the hundreds of factors a good order is based on is hard.
We’re already working with the largest grocery retailer in Germany, as well as some of the largest in France, and several smaller retailers across Europe where we are already reducing food waste by 25% while increasing their revenue! We’ve secured significant funding from Europe’s leading investors and several highly relevant angel investors in the food space. We’re also in close collaboration with professors at the DKFI, the German Research Center for Artificial Intelligence.