The partnership will enable Agtools to provide online service to retailers, offering them with real-time and historical data
Digital technology solutions company UST Global has partnered with Agtools, a provider of web-based solutions for the food supply chain, to deliver a tool for the agriculture supply chain.
The collaboration will allow Agtools to provide online service to retailers, offering them with real-time and historical data on factors such as volumes, pricing, exchange rates, weather, labour availability, among other factors required to improve their bottom line.
Covering over 500 fruits, vegetables, nuts, herbs and ornamentals, the Agtools’ online service helps supply chain stakeholders, including all major food retailers, in optimising their forecasting, planning, purchasing and merchandising.
Agtools will help retailers in reducing food waste while increasing sustainability
The result is reduced food waste, and increased sustainability for both farmer/shippers and buyers, UST Global noted.
The firm said in a statement: “Time management across the purchasing, merchandising and replenishment retail teams is becoming scarce.
“Agtools data with UST Global established high level of systems integration and quality service to the industry, will save time for retailers and ensure decisions are based on industry transparent data.”
Through the collaboration, retailers will have the visibility of actionable data on an intuitive dashboard, assisting them to adjust their purchasing patterns.
The data will also help retailers in avoiding waste while ensuring a reduced carbon footprint throughout the supply chain.
UST Global emerging digital retail technology general manager Subhodip Bandyopadhyay said: “We are very excited to partner with AgTools and believe that this solution will bring substantial process improvement in fresh produce department and help buying team significantly.”
Agtools provides web-based solutions to help growers, processors, and distributors in gaining profit throughout the food supply chain.
UST Global is engaged in providing advanced computing and digital services to large private and public enterprises in banking and financial services, insurance, healthcare, retail, manufacturing, shipping, technology, semi-conductor and telecom industries.