Tech Mahindra collaborates with Canada-based AI-driven software company Retalon to develop a collaborative platform for retailers and Consumer Packaged Goods (CPG) companies to provide the full range of digital solutions. The partnership will enable retail and CPG businesses to get better customer insights, enhance decision-making, and improve operational efficiency.
“Together, we are building a strong, collaborative ecosystem that will allow Retailers and CPG companies to access all the solutions they need to be a profitable, high-margin, 21st Century business – in one holistic package,” Mark Canning, Vice President, Business Development & Channels, Retalon.
“Tech Mahindra’s global reach, expertise and digital transformation solutions & services will complement Retalon’s expertise and solutions for AI-driven Retail & CPG planning, inventory, and promotion market to mutually grow each organization’s business,” he added.
Jointly, Tech Mahindra and Retalon will offer a unified common analytic platform to help enterprises unlock significant value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization.
The joint efforts will also offer an integrated solution to make smarter inventory & fulfillment decisions, which will result in improved gross margins from 9-12% annually.
Jagdish Mitra, Chief Strategy Officer and Head of Growth at Tech Mahindra, said, “The Retail and CPG industry is undergoing a significant transformation. With physical and online shopping platforms merging, digital transformation has become a top priority for retailers today as it helps them increase profitability, streamline new processes, and be agile. We believe that a robust collaborative ecosystem is key to a sustainable foundation in a constantly evolving industry like this. Our partnership with Retalon will empower Retail & CPG businesses to accelerate digital transformation and solve industry challenges such as supply chain risks, operational efficiency and hybrid & omnichannel consumer journeys. We firmly believe our combined efforts will further propel the global retail ecosystem with next-generation technologies.”
The collaboration will integrate Tech Mahindra’s expertise in Retail & Consumer Goods (RCG) and Digital Services with Retalon’s AI and Predictive Analytics tools to deliver excellent customer experiences.