Farmstead's AI Calculates and Predicts Orders to Reduce Waste
Laura McQuarrie — October 10, 2017 — Business
References: farmsteadapp & bizjournals
'Farmstead' is the name of a newly launched farm-to-fridge grocery delivery service for the San Francisco Bay Area that offers convenience to consumers and prioritizes reducing waste in the grocery industry.
Although there are many places groceries can be purchased online, Farmstead sets itself apart with an artificial intelligence system to learn and predict habits. As such, the system is able to determine how much food should be ordered on a daily, weekly, seasonal or annual basis.
In place of using a large warehouse, Farmstead ships its goods from micro-warehouses in the Bay Area and has its drivers send on algorithmically calculated routes that are eco-friendly. As Farmstead CEO and co-founder Pradeep Elankumaran says: "In 2017, consumers shouldn't have to drive to the store, stand in a line, and buy food of questionable quality which then goes to waste." Farmstead offers a way for consumers to make fewer trips to the store, while also reducing waste and pollution.
Although there are many places groceries can be purchased online, Farmstead sets itself apart with an artificial intelligence system to learn and predict habits. As such, the system is able to determine how much food should be ordered on a daily, weekly, seasonal or annual basis.
In place of using a large warehouse, Farmstead ships its goods from micro-warehouses in the Bay Area and has its drivers send on algorithmically calculated routes that are eco-friendly. As Farmstead CEO and co-founder Pradeep Elankumaran says: "In 2017, consumers shouldn't have to drive to the store, stand in a line, and buy food of questionable quality which then goes to waste." Farmstead offers a way for consumers to make fewer trips to the store, while also reducing waste and pollution.
Trend Themes
1. AI-powered Predictive Ordering - Farmstead's AI system predicts consumer habits to reduce waste in the grocery industry.
2. Micro-warehouse Distribution - Farmstead ships goods from small distribution centers to optimize delivery routes and reduce environmental impact.
3. Farm-to-fridge Grocery Delivery - Farmstead offers convenience to consumers by delivering fresh groceries directly to their homes.
Industry Implications
1. Online Grocery Delivery - The online grocery delivery industry can benefit from adopting AI-powered predictive ordering systems to reduce waste and improve efficiency.
2. Sustainable Logistics - The logistics industry can explore micro-warehouse distribution models to optimize routes and minimize environmental impact.
3. Direct-to-consumer Food Delivery - The food delivery industry can learn from Farmstead's farm-to-fridge approach to provide fresh and convenient options to consumers.
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