Retail giant partners with Avery Dennison to enhance fresh product tracking

  • Walmart partners with Avery Dennison to implement RFID technology in fresh categories
  • Digital use-by dates for meat, bakery and deli departments improve inventory management
  • Reduces unsold food and minimizes food waste
  • Technology expected to support Walmart’s goal of halving global operational food loss and waste intensity by 2030

Walmart has teamed up with Avery Dennison, a digital identification systems specialist, to implement RFID technology in its meat, bakery, and deli departments. This innovative solution provides digital use-by dates for each item, allowing workers to track inventory and determine when to rotate or mark down products more efficiently. The partnership aims to reduce unsold food and minimize waste, supporting Walmart’s goal of halving global operational food loss and waste intensity by 2030. As RFID technology becomes increasingly common in the food industry, other retailers like Kroger and Chipotle have also adopted similar systems.

Factuality Level: 10
Factuality Justification: The article provides accurate information about Walmart’s partnership with Avery Dennison and how their digital identification system is being used to improve inventory management and reduce food waste. It also mentions the benefits of this technology for both retailers and customers, as well as its growing adoption in the industry.
Noise Level: 3
Noise Justification: The article provides relevant information about a partnership between Walmart and Avery Dennison to improve food traceability and inventory management using RFID technology. It also mentions other companies adopting similar solutions. However, it lacks in-depth analysis or exploration of the broader implications and consequences of this technology.
Financial Relevance: Yes
Financial Markets Impacted: Walmart, Avery Dennison
Financial Rating Justification: The article discusses a partnership between Walmart and Avery Dennison that aims to improve food traceability and inventory management using RFID technology. This can potentially impact the financial performance of both companies by reducing unsold food and waste, which is relevant to their operations and profitability.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.

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