How Guac, Powered by Y Combinator, Uses Machine Learning to Forecast Grocery Sales
Poor grocery demand forecasting is responsible for more waste than you might expect.
It’s not only bad for the environment — food waste is a major source of carbon emissions — but costly for grocers.
Per Retail Insights, food and grocery retailers lose up to 8% of revenues through inadequate inventory availability.
“Food waste and food security are issues that Jack and I care deeply about, and we were really excited about an opportunity to actually address food waste at its core,” Wang said.
But Wang says that Guac is differentiated both by its dedication to transparency and its intense fine-tuning of forecasting models.
