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Helios will provide AI software to help Walmart secure sustainable sourcing.
After becoming the first software company to be named a winner in Walmart’s annual Open Call competition, Helios Artificial Intelligence has entered a deal to provide its climate risk and price forecasting software for the retailer’s use.
According to Helios, it has created the first AI platform that predicts the price and availability of agricultural commodities using climate risk. The company says its software will allow Walmart to evaluate medium- and long- term climate risks facing its global agricultural supply chain to help secure sustainable sourcing.
“Walmart is leading the way when it comes to leveraging artificial intelligence to strengthen its supply chain,” said Francisco Martin-Rayo, co-founder and CEO of Helios. “Helios winning the ‘golden ticket’ is not only a great testament to our technology, but also proof that there are urgent needs from procurement teams to climate-proof their supply chains – especially those at the most globalized levels.”
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