In a strategic move to tackle pressing issues in the retail landscape, Swedish AI-powered salad bar company Picadeli has partnered with Digimarc Corp., a global leader in digital watermarking technologies. This collaboration aims to address the rampant challenges of retail shrink and food fraud, especially in the fresh and prepared food segments, which have increasingly become vulnerable to various forms of theft and misinformation.
The integration of Digimarc’s advanced digital watermarks into Picadeli’s branded packaging is a significant game-changer. This technology allows retailers to implement secure, automated product verification, ensuring pricing accuracy during self-checkout transactions. With retail shrink affecting profitability across the board, the partnership seeks to not only reduce shrinkage but also to enhance the overall customer experience.
Retailers face vulnerabilities, particularly concerning price lookup (PLU) fraud at self-checkout systems. Produce, deli counters, and salad bars are frequently targeted areas for such fraud. With the fresh food category standing out as a prime target, the economic implications of this type of theft cannot be ignored. According to a report by the National Association for Shoplifting Prevention, retail shrink due to fraud results in losses that can seriously impact a store’s bottom line.
Patrik Hellstrand, CEO of Picadeli US, emphasizes the company’s commitment to its retail partners. “As Picadeli scales fresh meals via its AI-powered salad bar across the U.S., we’re dedicated to helping our retail partners eliminate shrink,” he stated. This initiative is seen as an extension of Picadeli’s mission to innovate within the fresh food market, leveraging cutting-edge technologies to ensure profitable operations.
Digimarc’s technology simplifies the product verification process. Their digital watermarks can seamlessly integrate with weight-based and variable product codes, triggering automatic system overrides when discrepancies arise. For instance, if a product code entered during checkout does not match the product information encoded within the digital watermark, the system automatically alerts the cashier or prevents the transaction from proceeding. This level of security is especially crucial in environments where self-service is becoming increasingly popular.
Unlike traditional barcodes, which can be easily manipulated or obscured, Digimarc’s solution maintains integrity without affecting packaging aesthetics or operational efficiency. The invisible digital watermarks are protected against tampering, which means customer trust is preserved along with the store’s integrity. This technology not only combats fraud but also fosters a more streamlined and efficient checkout process.
“As self-service and fresh food options continue to grow, so do the complexities in maintaining security and operational efficiency,” stated Riley McCormack, president and CEO of Digimarc. Highlighting the collaborative nature of this partnership, he remarked, “Together, we are not only reducing retail shrink but also enhancing the overall self-checkout experience for both retailers and consumers.”
Retailers worldwide are increasingly recognizing the need for advanced solutions to combat fraud. The projected increase in automated retail environments further emphasizes the significance of ensuring robust protection against shrinkage. According to industry research, the self-service checkout market is anticipated to grow significantly, which presents both opportunities and challenges for retailers, making investment in technologies like those offered by Digimarc crucial.
So far, Picadeli’s innovative salad bars have been successfully installed in over 2,000 stores across Europe and the United States. This expansion underlines the growing demand for fresh, convenient meal options while highlighting the importance of supplier partnerships that prioritize operational resilience and consumer satisfaction.
In conclusion, the partnership between Picadeli and Digimarc holds substantial promise. By merging cutting-edge technology with a clear understanding of market vulnerabilities, both companies are set to redefine the standards for security within the food retail sector. As retailers continue to adopt advanced technologies, the collaboration between Picadeli and Digimarc stands as a compelling blueprint for others aiming to enhance their operational efficiencies while safeguarding against losses.