BENTONVILLE, AR - Walmart recently announced a partnership to improve its supply chain capabilities. The recent collaboration with Agritask enables sourcing managers to make more well-informed decisions on seasonal fruit crop yields. For Walmart, this means reducing food waste and getting fresher product in front of shoppers.
"Dealing with challenges in purchasing and planning accuracy in agriculture due to data discrepancies and environmental uncertainties can be tough. Agritask’s technology has the potential to fill vital information gaps that sourcing managers often face when predicting yield," said Kyle Carlyle, Vice President of Sourcing Innovation and Surety of Supply, Walmart.
According to a release, the retailer may consider leveraging Agritask solutions and insights at scale for a second season if this pilot goes well.
A few examples of possible insights include:
- Immediate alerts on emerging or forming risks and their potential impact on target crops, such as an unexpected frost harming a cherry harvest, enabling Walmart to adjust procurement strategies swiftly
- Real-time assessment of timing, delays, or advances in expected harvest, allowing Walmart to proactively manage inventory levels and explore alternative sourcing options
- Updated indications on meeting yield targets throughout the growing season, empowering Walmart to optimize supply chain logistics and ensure sufficient product availability for customers
“Walmart’s global scale and commitment to strengthening sustainable supply chains makes them the ideal partner for Agritask’s tech solutions,” said Ofir Ardon, Chief Executive Officer, Agritask. “We are thrilled to have Walmart become the first retail partner to integrate Yield Intelligence, adopting our data-driven innovation built on 15 years of optimizing agricultural supply chains to reshape how enterprises collaborate with suppliers. Together, we are uniquely positioned to implement scalable, climate-smart, and risk-ready solutions that optimize sourcing from the ground up.”
This is all part of Walmart's latest initiative in its long-term commitment to leverage technology for a sustainable and resilient supply chain.
We’ll continue to keep you in the loop on how things are changing at retail, so stay tuned.
