Relex Solutions

Based in Finland, Relex Solutions offers a cloud and AI-based platform that digitizes and automates the retail supply chain process to avoid over-ordering, and thereby reduce waste. The company’s “RELEX Living Retail” platform covers various functions such as demand planning, merchandising, supply chain management, and retail operations. In terms of food waste, the platform helps food retailers decide which product to buy and when, by providing demand forecasts throughout the supply chain. 

As of June 2024, the company reported that its grocery customers have seen a reduction in food waste from 10%–40% per year alongside a 2% increase in sales and a 25% increase in profit. The company also claimed that based on its studies it had helped food retailers and distributors remove over 17 million kilograms of CO2 per year. The company’s inventory management solutions are also stated to allow an 85% reduction in the stockout situation.  In June 2024, Relex Solutions also reported that it helped customers prevent ~280 million kg of food waste globally in 2023.

In January 2024, the company acquired Optimity, a provider of supply chain planning and optimization solutions, to deepen its capabilities in production planning and supply chain optimization.

Key customers and partnerships

In January 2023, the company partnered with Movista, a platform for retail execution and workforce management to harness innovation and enhance collaboration for their retail and consumer goods customers. In March 2023, the company also partnered with MPM Products, a pet food manufacturer, to improve MPM Products' inventory planning and forecasting capabilities. The company operates across the US, Europe, and Asia, serving clients including Dollar Tree, M&S Food, Franprix, Morrisons, PetSmart, Sephora, and Rossmann.