Predicting Agricultural Commodity Prices and Availability with Helios
- Walmart partners with Helios for AI price forecasting tool
- Predicts price and availability of agricultural commodities
- Strengthens food supply chain
- 30% of food loss occurs during agricultural production and harvest due to unpredictable weather
- Helios won Walmart’s 11th annual Open Call competition for entrepreneurs
- First Walmart Open Call winner in the software category
- Piloted agriculture technology with crop supply intelligence company Agritask
Walmart is partnering with Helios to deploy an AI price forecasting tool that predicts the price and availability of agricultural commodities, aiming to strengthen its food supply chain. The partnership comes as 30% of food loss occurs during agricultural production and harvest due to unpredictable weather. Helios offers climate risk assessment and weather projections for a year into the future, with customizable timeframes and key performance indicators. Customers can analyze prices by origin region, variety, grade, and organic status. Walmart won the company through its 11th annual Open Call competition for entrepreneurs.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Walmart’s partnership with Helios and its features, as well as the background of Walmart’s interest in improving its food supply chain. It also mentions the context of food loss and previous pilot projects with Agritask. However, it lacks personal perspective or opinion, making it closer to a 10.
Noise Level: 3
Noise Justification: The article provides relevant information about Walmart’s partnership with Helios and their efforts to improve food supply chain management through technology. It also mentions the USDA’s estimate on food loss and Walmart’s previous pilot program with Agritask. The article is informative and stays on topic, but could benefit from more in-depth analysis or discussion of the potential impact of these technologies on the industry.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Walmart’s partnership with Helios, which focuses on improving food supply chain management and reducing food loss. This is relevant to financial topics as it affects the company’s operations and costs. However, there are no specific financial markets or companies impacted in this case.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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