Micro Markets

365 Retail Markets partners with Custom Data Solutions on data collaboration

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September 29, 2022

365 Retail Markets, a provider of self-service commerce technology to the foodservice industry, has teamed with Custom Data Solutions Inc., a data collection, processing and reporting company, to facilitate collaboration on data analytics and insights products for their combined customer list, according to a press release.

The venture will maximize customers' revenue by optimizing the product mix and placement as well as their bottom-line revenue through improved merchandising and operational efficiencies.

"Our goal is to provide long-term, actionable benefits to all of our clients," Michael Nudi, CDSI president and CEO, said in the release. "As the foodservice industry continues to re-invent itself and CPG manufacturers continue to look for new business growth opportunities, data insights become the crux of progress."

"Our relationship with CDSI fits well within the 365 long-term strategy to provide value and insight to our operators worldwide by leveraging data from the billions of transactions on our platform," Joe Hessling, 365 Retail Markets CEO, said.

365 Retail Markets and CDSI will collaborate to provide the following benefits to all levels of the supply chain:

• Optimized product mix for their entire operations.
• Automated merchandising decisions leveraging machine learning and artificial intelligence.
• Product selection and consumer preference matching.
• Maximized consumer and client engagement.
• Streamlined picking/warehousing operations.
• Maximized revenue opportunity through brand partnerships.

Operational integration related to the partnership is beginning, and stakeholders can expect to realize the benefits to their operations into 2023 and beyond.