Globally, shoppers face out-of-stocks once in every 5 shopping trips, costing retailers nearly $1T USD in lost sales. What is not on shelves, is not sold. Today large chain retailers know when a product arrives at the store and when they sell it. But they do not know if products are well stocked and accurately displayed on store shelves.
Our computer vision software gives them real-time shelf analytics, enabling them to optimise shelf space and enforce consistent merchandising standards to maximise sales performance.
We have pilot contracts with of 2 Fortune 100 companies and are live in 2 stores.