MySales Labs: Retail Management at Fingertips

Alexey Ivasyuk, CEO & CTO According to the Food and Agriculture Organization of the United Nations, more than 30 per cent of all food produced globally is never eaten. The value of this wasted resource is worth over a trillion dollars. The causes of the aforementioned food wastage are numerous and occur at various stages of the supply chain--handling and storage, to name a few--but primarily due to absence in coordination among suppliers, retailers, and buyers. Also, ineffective food demand forecasts are one of the major causes of food waste even before you buy it in a store. "An efficient supply chain between suppliers and buyers, not only reduces food waste but also increases cash flow," says Alexey Ivasyuk, CEO and CTO of MySales Labs, while addressing the inadequacies of collaborations among various dealers, merchants, and sellers.