Invafresh, a market leader in the fresh food retail industry, has been named a winner in the 2022 BIG Innovation Awards for both company and executive presented by the Business Intelligence Group.
With its unified, cloud-based, AI enhanced, fresh food retail management platform for fresh food retail merchandising, replenishment and compliancy and sustainability, Invafresh’s innovation integrates vast amounts of data into ML algorithms to forecast intelligently and accurately, replenish orders, plan production, manage inventory and recipes and ensure food traceability and regulatory compliance. As a result, $150 million in fresh food waste is eliminated annually and excess shrink is reduced by 30 percent.
“Innovation is driving growth in the global economy,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring Invafresh as they are one of the organizations leading this charge and helping humanity progress.”
“To win in fresh, grocers must implement the right fresh-native technology to balance demand with supply and availability. Having the right information at the right time and knowing how to operationalize the data makes the difference in profits, performance and sustainability,” said Tim Spencer, CEO, Invafresh. “Joe and his team are at the core of our product vision and advancements to meet the omnichannel and sustainability needs of our fresh retail customers.”
Joe Smirlies, SVP of Product Management, co-pioneered Invafresh’s solutions and is one of the world’s foremost experts in sustainable fresh-native technology solutions. With more than 30 years of experience in the grocery technology sector, Joe brings the depth and breadth of knowledge to service fresh food retailers with innovative technologies and shape the future of fresh food retail.
“I am incredibly honored to receive this award,” Smirlies said . “As the global pandemic continues, I am more committed than ever to bring product advancements to global grocers with the benefits of fresh food retail technology to overcome today’s unique supply chain challenges, improve food safety and win the battle against food waste to create fresher, healthier, safer and sustainable lifestyles for all.”
Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.