Pernod Ricard Winemakers, the premium wine division of Pernod Ricard, today announced that food system artificial intelligence innovator Trellis Ltd. will provide accurate grape yield, quality, harvest timing and procurement cost prediction across Australia and New Zealand.
The grapes market was valued at $167.9 billion worldwide in 2018 and is estimated to reach a value of $254.3 billion by 2024, according to a report from Mordor Intelligence. The year 2016 saw an annual production of 8.2 million metric tons of grapes, which are one of the top 20 agricultural commodities produced worldwide.
As a result, the viticulture and vintner industry is constantly looking for better ways to become more efficient when it comes to supply chains. Many different factors can affect the outcome of a grape harvest, such as growing seasons, weather and pests — and many of them can be detected and recorded into data reservoirs, which in turn means machine learning can be employed to predict potential risks before they occur or mitigate them as they happen.
“As we continue to lead the wine industry into the digital era, we are committed to working with artificial intelligence innovators that are reimagining global supply chains,” said Alex Kahl, lead of the project that will optimize the operations for Pernod Ricard Winemakers. “We were impressed by Trellis’s expertise in the industry and proven ability to scale across complex business units and multiple geographies.”
Trellis works closely with food and beverage producers, as well as their upstream providers, to identify inefficiencies and provide real-time data insights needed to transform their organizations and make decisions. It uses AI-powered, intelligent cloud-based live data from dynamic sources throughout the entire food and beverage supply chain to predict quality, yield, timing of harvest and associated expenses to help lower costs.
“Our traditional food and beverage supply chains are broken and volatile,” said Ilay Englard, founder and chief executive of Trellis. “Working with industry visionaries like Pernod Ricard Winemakers that share our commitment to using data to fuel smarter decisions, Trellis is building a more sustainable, resilient food supply and demand system.”
Pernod Richard Winemakers was founded in 2010, but it has its roots dating back to 1828. The Trellis data integration will be arriving for viticulture, harvest operations, supply chain, procurement and wine production teams later this month with desktop and mobile applications.
Image: Pixabay
Since you’re here …
Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
January 26, 2021 at 08:04PM
https://ift.tt/36vtxef
Pernod Ricard Winemakers taps Trellis to predict grape harvests with AI - SiliconANGLE News
https://ift.tt/3eO3jWb
Grape
No comments:
Post a Comment