Wendy's Uses Palantir AI Tech To Manage Burger, French Fry Inventories; Return On Investment Is 'Significant'

Quick Summary:

Wendy’s Co.(NASDAQ:WEN) is using artificial intelligence from data analytics firm Palantir Technologies, Inc.(NYSE:PLTR) to manage its supply of burgers, fries and Frosty's. 

The Details: Wendy's supply chain purchases are handled by an independent co-op group that first tested Palantir's technology last year amid tight profit margins and increasing pressure from inflation, according to a Bloomberg report.

The group is using Palantir's system to spot shortages and suggest solutions like placing an order from a supplier. 

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Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets: United States

Topics: Benzinga WEN US95058W1009 Artificial intelligence Data Analytics News General PLTR Fast Food Tech Restaurants AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 17:22:29 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23463927

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