Digimarc and Walmart Collaborating to Reduce Waste and Improve Efficiency and Accuracy at Checkout
BEAVERTON, Ore. – April 30, 2019 – Digimarc Corporation (NASDAQ: DMRC), the inventor of the Intuitive Computing Platform (ICP™) featuring Digimarc Barcode, announced that it is collaborating with Walmart to improve the management of packaged fresh foods. The program is intended to reduce fresh food waste and provide everyday lowest prices by automating the markdown process.
"We are working closely with Digimarc to innovate and apply new technologies that will aim to reduce waste, help improve our overall store operations, and improve customer experience," said John Crecelius, senior vice president of central operations at Walmart. "As we apply this new technology to our fresh processes, our goal is to realize new customer benefits while accelerating our commitment to reduce waste.”
The scope of the companies’ work together on improving efficiency and accuracy of checkout has been expanded through technology development and business process engineering to include waste reduction by automating many aspects of packaged fresh food inventory management. Fresh product labels can be crinkled, smudged, wrapped around edges, or fraudulently altered, contributing to product shrinkage, lower inventory accuracy, and suboptimal customer experiences. The Digimarc Barcode for Fresh Product Labels makes scanning more reliable, simplifies operations, improves inventory accuracy and provides a better customer experience.
“This program coalesces efforts to benefit society with Walmart’s dedication to everyday low prices,” said Digimarc CEO Bruce Davis. “We look forward to helping Walmart reduce food waste and save money for consumers through the use of this program.”
Find out more about the Digimarc Barcode for Fresh Product Labels by clicking here.
Digimarc Corporation (NASDAQ: DMRC) is a pioneer in the automatic identification of everyday objects such as product packaging and virtually any media, including print, images and audio. Based on the patented Intuitive Computing Platform (ICP™), Digimarc provides innovative and comprehensive automatic recognition technologies to simplify search, and transform information discovery through unparalleled reliability, efficiency and security. Digimarc has a global patent portfolio, which includes over 1,100 granted and pending patents. These innovations include state-of-the-art identification technology, Digimarc Barcode, as well as Digimarc Discover® software for barcode scanning, image recognition, and more. Digimarc is based in Beaverton, Oregon, with technologies deployed by major retailers and consumer brands, global banks, U.S. states, film companies and professional sports franchises, among others. Visit digimarc.com and follow us @digimarc to learn more about The Barcode of Everything®.