Food, Beverage & Tobacco


Amazon confirms first ever branded grocery store designed as a cheaper alternative to Whole Foods

Daily Mail - Science & tech

Amazon will take the next step in its bid to take over the food delivery market with its own company-branded grocery stores. In a report from CNET, an Amazon spokesperson confirmed the company's intention to open the first-ever Amazon-branded grocery store in Los Angeles. While the company hasn't released many details, a job listing discovered by CNET suggest the store will be'Amazon's first grocery store' meaning it will likely carry the e-tailing giant's brand name. Amazon is making its first foray into company-branded grocery stores. The outlets will reportedly offer cheaper options compared to the Amazon-owned Whole Foods.


How Starbucks Is Using Artificial Intelligence

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Starbucks (NASDAQ:SBUX) CEO Kevin Johnson is determined to deliver a company culture centered around meaningful human interaction. This month, he announced a new "brew" that figures to be a big part of this culture. Called Deep Brew, this isn't about a flavor of coffee or tea. Deep Brew is the company's artificial intelligence (AI) program, and it's all about "nurturing humanity," as Johnson put it. If this sounds really strange, maybe rethinking AI would be helpful.


McDonald's Embraces Artificial Intelligence for Fast Food

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By now you've seen the big news about the world's largest fast-food chain by revenue. It was a bit shocking that it took this long to happen, but McDonald's (MCD) is finally embracing advanced technologies like artificial intelligence to boost sales. The guy credited with the turnaround at the 65-year-old restaurant behemoth since 2015, Steve Easterbrook, was behind the technological push that saw McDonald's not only embrace digital innovation but acquire two AI companies this year. This is big news for a few reasons. Before this year, it had been nearly two decades since the company made its last acquisition of a mediocre fast-food chain called Boston Chicken.


McDonald's drive-thru AI knows what you want before you order – RetailWire

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IBM and Target were cross-referencing car license plates back in the early 2000s. This is just business as usual. How many times do people stare and scan a McDonald's menu and order the exact same thing they did at least 20 times before! To suggest this is using AI is a stretch at best. It's simply using available information to shorten speed-of-service – an important metric for McDonald's.


How Starbucks Is Using Artificial Intelligence The Motley Fool

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Starbucks (NASDAQ:SBUX) CEO Kevin Johnson is determined to deliver a company culture centered around meaningful human interaction. This month, he announced a new "brew" that figures to be a big part of this culture. Called Deep Brew, this isn't about a flavor of coffee or tea. Deep Brew is the company's artificial intelligence (AI) program, and it's all about "nurturing humanity," as Johnson put it. If this sounds really strange, maybe rethinking AI would be helpful.


UK grocers 'can prevent £144m in food waste by using AI'

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The UK's top eight grocers can prevent £144 million in food waste each year if they use artificial intelligence (AI) and machine learning (ML) in their supply chains, according to one technology company's predictions. Scientists at Blue Yonder, which provides solutions in AI and ML and was acquired by supply chain software company JDA in 2018, estimate that using the techniques they specialise in can significantly drive down industry food wastage in several key ways. They said by using the technology to improve demand forecasting, set the right price based on expiry dates, or sense transportation disruption, the top eight grocers – Tesco, Sainsbury's, Asda, Morrisons, Aldi, the Co-Operative, Waitrose and Lidl – can help the environment and their avoid lost sales. Morrisons has been using Blue Yonder's demand forecast and replenishment solution for several years now, and says it can make 430 million calculations and 13 million automatic decisions every single day thanks to the AI enablement. The grocer has reduced its stockholding in store by two to three days, and reduced wastage and markdowns as a result.


Betting Big on AI and Machine Learning Can Drive Business Performance for Online Food Delivery Companies – A CXO'S Guide by Quantzig

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LONDON--(BUSINESS WIRE)--Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its latest article that explains why online food delivery companies bet big on AI and machine learning to drive performance. AI and machine learning today have broken the confines of sci-fi books and technology labs to become a key focal point for businesses across industries. The impact of AI and machine learning algorithms have grown tremendously over the past few years that barely a day passes by without newspaper articles, blog posts, and tweets about such advancements. Having said that, it's not very surprising that AI and machine learning in the food industry have played a crucial role in the rapid developments that have taken place over the past few years. Artificial intelligence and machine learning seem to be ubiquitous in the online food delivery market.


The Evolution of Self-Service

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Here is the brief story of this evolution of self-service. Not that long-ago, shop clerks pulled merchandise for us from high shelves behind a counter. Today, we push squeaky, wheeled, metal baskets around the well-lit warehouses we call supermarkets. Innovation in retail shopping--as with all service businesses--happens through shifts in business processes and technologies. Automated self-service fuses process and technology so customers can serve themselves.


McDonald's turns to tech to build the future of fast food

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A Happy Meal and AI might not be the most obvious pairing but 2019 has seen McDonald's hit the headlines for its fast-paced investments in tech. In March, it acquired online personalisation startup Dynamic Yield for more than £232.8m This sparked a series of acquisitions, paving the way for what seems like the beginning of a journey for the iconic fast food chain to become the Amazon of food. A month later, it bought a 9.9% stake in mobile software company Plexure in a deal valued at about £3.8m, according to reports. The New Zealand-based company already helps with McDonald's mobile app but this surge of investment will see the chain have unprecedented access to Plexure's new tech for its app.


How Ocado Is Using Machine Learning To Reduce Food Waste And Feed The Hungry

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Globally, food waste is a massive problem. According to the Food and Agriculture Organization of the United Nations, around 1.3 billion tonnes of food is wasted globally every year. That's believed to be enough to feed the world's 815 million hungry people, four times over. But thanks to advancements in technology, this problem could one day be eradicated. Grocery technology pioneer Ocado, for example, has been able to slash food wastage rates to just 1 in 6,000 items by using data analytics, machine learning and artificial intelligence to manage its produce.