News Briefs

Tyson Ventures, the venture capital arm of Tyson Foods, Inc., has invested in a cloud-based transactional carbon credit inset solution for the livestock sector. The program works to support the reduction of carbon emissions, providing economic incentives to farmers who take action to boost sustainability and enable more eco-friendly practices in their day-to-day work. 

Tyson Ventures has invested in Athian, an analytics tool that captures data points across the dairy and beef value chain, then aggregates, validates, and certifies greenhouse gas reductions. The platform then finally monetizes the reductions and sells them as carbon credits, allowing farmers to earn revenue from carbon reductions. The program is set to launch in the latter half of this year. 

• See Also: Tyson Foods Expanding Smart Factories

Tyson Foods has drilled down on tech investments over the last few years. In a webinar presented by CGT, Devin Graham, VP of cloud and infrastructure at Tyson Foods, outlined some of the company’s key cloud transformations, including plans to reduce manual processes, streamline workflows, and do away with legacy practices, given that Tyson did not start out as a cloud-native or even tech-centric company. In 2021, Tyson also invested in artificial intelligence and predictive analytics, bolstering investments in automation and advanced tech to make jobs safer and cut costs.

Amazon Business announced the launch of 3-Way Match on the Amazon Business mobile app to help business customers automate reporting, taking the old desktop or handheld scanner reporting to the app. 

Now available in the U.S., the new 3-Way Match app enables account administrators and approved buyers to use a mobile device to simply scan the barcode of a package when it arrives and automatically mark the item as received. With this new feature, the nearly 1 million active users on the Amazon Business mobile app in the U.S. have a faster way to close purchase orders.

Amazon Business helps businesses digitize and automate procurement with management controls and analytic tools. Among those tools is 3-Way Match, a common accounting control to ensure that a business’ purchase payments are received, accurate, and complete. Until now, it was cumbersome to use because it was only available on desktop or via handheld scanners. The mobile version adds the extra flexibility of being able to complete a 3-Way Match in real-time from anywhere. A successful 3-Way Match includes matching and verifying the purchase order, the invoice, and the receipt before a payment is made.

“Manual processes cannot be scaled efficiently, especially for large organizations,” said Doug Gray, vice president of technology at Amazon Business. “Integrating our 3-Way Match capability on the Amazon Business mobile app simplifies the process so customers can reconcile their purchases in seconds. At Amazon, we’re driven to find better ways for our customers to work, and our 3-Way Match mobile scan does just that.”

With 3-Way Match, accounts payable and procurement teams can protect their organization from paying for incorrect invoices, items not yet received, or fraudulent purchases. This helps businesses of all sizes improve efficiency and reporting capabilities while also reducing time spent on manual data entry and avoiding payment for damaged or incorrect packages.

Customers can download the Amazon Business mobile app by visiting Google Play store for Android users or the Apple App store for iOS users and get started with 3-Way Match. For more information about 3-Way Match and how to use it, visit https://business.amazon.com/en/find-solutions/3-way-match.

This article first appeared on the site of sister publication RIS. 

Danone North America is investing in its advanced manufacturing capabilities, with benefits expected to help it achieve its sustainability goals.  

The company is spending $65 million over the next two years to open a new bottle production line in Jacksonville, Fla. The location is expected to provide increased flexibility across bottle design, accelerated sustainability initiatives, lower costs, and advanced operational excellence. 

Production for Danone’s coffee and creamer brands, such as International Delight, Silk, and STok, will reap the rewards, which include reduced water consumption, decreased carbon emissions, and improved packaging circularity. 

• Also: Kraft Heinz, Danone Invest In First-Party Data Collaboration

The new facility will create 40 full-time jobs with attractive benefits such as 18 weeks of paid time off for childbirth or adoptions. This follows ongoing trends in the CG space to provide increased flexibility and amenities in the workplace to increase retention rates.

Mike Sloboda, Danone North America's chief operations officer, said the investment will enable it to better serve its customers and operate more efficiently and sustainably, while Shane Grant, group deputy CEO, CEO Americas at Danone, expects it to allow the company to capitalize on consumer demand in key beverage categories, supporting Danone’s long-term growth strategies.

Italian specialty food manufacturer Colavita USA is updating its inventory management, warehousing, and fulfillment with elevated DTC e-commerce technology. 

The company will be outsourcing its third-party logistics, leveraging an e-commerce solutions partnership with Boxed within a fully automated fulfillment center in Union, NJ. 

• See Also: DTC's Shifting Fit in the Consumer Insights Puzzle

Through the collaboration, Colavita solidifies its e-commerce distribution in the U.S. The company is a major supplier for HelloFresh and also imports products like extra virgin olive oil, vinegars, pastas, and sauces across the U.S.

“Our relationship with Boxed as a vendor has always been strong. We are beyond excited to expand that synergy to include their supply chain and fulfillment expertise,” said Giovanni Colavita, CEO of Colavita USA.

Renfro Brands – who represent companies such as Polo, Sperry, Jeep, Dr. Scholls, and HOTSOX  – have announced plans to build on sustainability efforts through fresh investment in product traceability software. 

The Stockholm-based fashion and retail brand has picked supply chain traceability tech provider TrusTrace to spearhead the effort, with plans to use the platform to centralize their current supply chain data and ensure their operations remain in line with the latest compliance laws. The sock and legwear retail brand will also use the platform to track the impact of their current sustainability efforts, document progress, reduce risks, and gain greater visibility into their overall value chain. 

• See Also: Building the Supply Chain of the Future: 5 Consumer Goods Companies Investing in Innovative Approaches

Renfro Brands has been making a concerted effort to improve supply chain visibility in recent years. Among their current goals, Renfro Brands say they hope to use sustainable yarns and materials in 100% of the products by 2030. At the moment, 30% of Renfro’s packaging components are also recyclable or reusable and again, the goal is to bring this up to 100% by 2030.

Commenting on the news, Jonah Buelin, Renfro Brand's SVP of supply chain, outlined how the TrusTrace platform would help the brand “standardize how our supply chain mapping and material tracing data is captured, digitized and shared.”

L’Oreal has announced plans to build out their cloud-based retail execution strategy, expanding their current roll-out plans to include the brand’s Morocco division.

The beauty company have branched out their partnership with StayinFront to deploy their TouchCG apps to field representatives in Morocco. The Retail Optimization platform uses algorithms and artificial intelligence to pinpoint the highest value stores and directs representatives for visits using advanced routing technology.

Once in store, high value displays and products are highlighted on screen, via an app, for representatives to focus on. StayinFront's data warehouses, KPIs, and BI tools measure the outcomes gathered, which are then fed back into the platform and used to inform future algorithmic decisions. 

See Also: L’Oreal and PepsiCo Launch Innovative Packaging and Labeling Strategies

The brand believe the expanded partnership will better allow representatives to efficiently complete tasks, monitor compliance and best practices, set goals, and identify trends based on what they record in store. StayinFront’s also platform integrates with L’Oreal’s existing store distribution platform to take in-store orders, gather data, and offer recommendations. 

Commenting on the expanded partnership, Alex Sangyong CHO, sales and marketing IT director at L’Oréal North Asia & SAPMENA praised StayinFront’s AI and machine learning technologies that have allowed the brand to fuel their global digital transformation and drive retail growth.