RELEX: Preventing Food Waste with Improved Demand Planning
RELEX is respected far and wide for its ability to provide a unified supply chain and retail planning platform that aligns and optimises demand, merchandising, supply chain, operations and production planning across the end-to-end value chain.
This explains why retails and consumer goods companies like ADUSA, AutoZone, Coles, Dollar Tree and Family Dollar, M&S Food, PetSmart and The Home Depot call upon RELEX to help them drive profitable growth across their sales and distribution channels, leading to higher product availability, increased sales and more sustainable operations.
And it’s this final facet – sustainability – where RELEX is really leading the charge.
In 2023, the firm’s advanced, AI-driven retail and supply chain planning technology enabled customers to prevent approximately 280 million kg of food waste globally.
The organisation’s latest sustainability report details how RELEX is helping customers improve demand forecasting accuracy and optimise supply chain planning to align supply with actual customer demand. This not only reduces waste but enhances operational efficiency, benefiting both the environment and their customers’ bottom lines.
Companies tackling food waste thanks to RELEX
Every year, around a third of the world’s food supply goes to waste, making it critical for companies to begin identifying and tackling causes of food waste throughout their supply chains
Through advanced demand forecasting and supply chain planning, RELEX has helped customers drastically reduce the volume of perishable goods left unsold and destined for waste, effectively preventing the emissions of 950,000 tons of CO2 equivalents.
It’s an achievement that aligns with the United Nations Sustainable Development Goal to halve food waste by 2030.
Additionally, as approximately 70-90% of RELEX customers' emissions stem from purchased goods, RELEX is enhancing its platform to enable businesses to assess and understand the associated CO2 emissions. By incorporating greenhouse gas (GHG) metrics into their planning and optimization solutions, and through improved distribution planning that considers emissions data, RELEX empowers customers to make informed, sustainable decisions that reduce their environmental impact.
"Over the last year, RELEX has deepened its global commitment to sustainability," says Svante Göthe, Head of Sustainability at RELEX.
“We’re proud to have helped our customers prevent approximately 280 million kg of food waste and make strides in providing more visibility into the carbon footprint of purchased goods.”
RELEX achieves reduction in emission intensity
As an organisation, RELEX is committed to annually offsetting its direct, energy-related and value chain emissions across Scopes 1, 2 and 3, as defined by the Greenhouse Gas Protocol Corporate Standard.
In 2023, RELEX achieved a 14% reduction in emission intensity, which indicates more efficient management of GHG relative to revenue, showcasing the company’s commitment to minimising its carbon footprint across all operational scopes defined by the standard.
“It’s essential that, at RELEX, we continue to evolve our solutions to deliver environmental benefits to our customers, supporting their sustainability efforts while also making sure we further improve the sustainability of our operations,” said Johanna Småros, Co-Founder and Chief Sustainability Officer at RELEX Solutions.
“While we've made progress, we recognise there's still a long way to go. We’ll continue to innovate, collaborate and make actionable improvements to our sustainability efforts.”
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