hwy haul
April & May 2021: Top Investments in Artificial Intelligence
The tech sphere is showering money recently. For the past two decades, artificial intelligence was encountering significant growth across many domains. But thanks to the Covid-19 pandemic, the adoption was further accelerated. The sudden surge in disruptive technologies' usage has eventually opened the door for investments in artificial intelligence. Investors are also looking to back AI companies that will one day flourish like Apple, Google, Netflix, Amazon, etc. Artificial intelligence is an umbrella term that covers many topics including machine learning, data analytics, data science, natural language processing, etc.
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Former Walmart Exec's Startup Uses AI To Battle Spoiled Produce Deliveries
Hwy Haul uses a digital platform to match shipments with truckers. As Director of Supply Chain, Syed Aman spent several years making sure when produce reached Walmart WMT stores, it wasn't rotten. Now, as CEO and co-founder of Hwy Haul, he's using what he learned to give other supermarkets the same insurance, because it's not just a few bad apples spoiling the whole bunch. "Produce spends half its life in the supply chain and more than $15 billion is wasted or rejected in transit every year," said Aman. "On average 14% of the produce shipments get rejected." The lingering Covid-19 pandemic has only exacerbated the problem with supply chain disruptions and strict packaging requirements by top retailers such as Walmart and Target TGT adding to the complexity of getting fruit and vegetables from farm to produce shelves while still fresh, Aman said.
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