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SAP.iO Foundry New York Launches Sustainability in Retail and Consumer Industries Program

October 19, 2021 SAP SE (NYSE: SAP) welcomes a new cohort for its startup program focused on sustainability in retail and consumer industries at SAP.iO Foundry New York. Seven startups were selected to join the program by a jury of SAP experts, partners and customers among hundreds of startups.

The startups are using next generation technologies to drive sustainability across the value chain in areas such as reusable packaging, responsible and ethical supply chain as well as circular economy. Over the next 16 weeks, the startups will have access to curated mentors, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry New York sustainability in retail and consumer industries program:

  • Algramo offers a circular platform that encourages consumers to buy in a more convenient, affordable way with zero waste and connects people, brands and retailers to change consumption habits.
  • Ecocart calculates the carbon emissions of business activities, then programmatically offsets those emissions by funding impactful certified carbon offset projects like planting trees or building windfarms.
  • Everledger leverages blockchain and internet of things technology to offer transparency into supply chains for clarity on quality, origin, sustainability footprint and compliance standards.
  • EVRYTHNG helps customers run their business differently with real time data intelligence from each of their products, end-to-end from factory to consumer and beyond.
  • Inspectorio provides a dynamic and risk-assessment based quality compliance program for digitization, automation, transparency and traceability.
  • LimeLoop is a platform for sustainable shipping including reusable packaging, real time tracking, and predictive analytics.
  • Specright delivers a purpose-built platform for specification management that changes how brands, suppliers, manufacturers, and retailers manage data and collaborate to bring products to market.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit https://sap.io/.

How CPG Brands Are Keeping Up With Retail’s Fastest-Moving Consumer Demands

Nobody understands the frustration of consumers who can’t find the products they’re looking for more than the experts at Teamcore, an AI-based startup with operations in Latin America and the United States. Teamcore’s cloud-based software platform uses machine learning to power intelligent workflow automation that tells CPG companies and retailers why products aren’t selling and what they can do about it fast.

“We help CPG companies and retailers make sure products are available when their customers are ready to buy,” said Sergio Della Maggiora, founder and CEO of Teamcore. “Whether someone is shopping online or in a physical store, our retail execution platform based on intelligent workflows helps connect data across the supply chain from warehouse to shelf virtually or in-store, so companies don’t miss out on sales opportunities.”

Based on sales data analytics, Della Maggiora said that Teamcore’s machine learning algorithm detects when products aren’t selling as planned, and in over 94 percent of cases, finds the root cause of the problem before assigning a task. Unlike garden variety alerts, Teamcore’s intelligent workflow notifications keep going until they reach the people who solve the problem. If someone in replenishment can’t find the product in the warehouse to restock virtual or in-store shelves, the workflow automatically routes that task to the appropriate store sales representatives, all the way up to regional store and supply chain managers.

“Teamcore connects the whole CPG and retail team for opportunity detection sales, and doesn’t stop until someone actually fixes the problem,” said Della Maggiora. “Over time, the collected data trains the model, improving its accuracy and ability to make predictions about potential issues.”

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