Innovation portfolio

RELEX Solutions

An artificial intelligence based technology to improve retail and supply chain planning and reduce waste.
Relex app is used in a grocery store

Status:

Unicorns

SDGs:

Industry, innovation and infrastructure

Industry:

ICT

Impact:

Sustainable systems

Origin:

-

School:

School of Science

Established:

2005

RELEX Solutions helps retailers, wholesale companies, and consumer packaged goods manufacturers align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain. Doing this enables our customers to increase their resiliency and efficiency in the consumer goods value chain. 

One of the main goals is to make the consumer goods value chain more efficient and reduce waste. Across the globe, food waste accounts for 8-10% of yearly global greenhouse gas emissions. We are proud of the fact our food retail and wholesale customers are typically able to cut their food waste by 10-40%. 

In 2022, RELEX helped food retail customers worldwide save an estimated 220 million kg of food waste across the supply chain thanks to more accurate forecast and inventory optimization. This amount is the equivalent of more than 750,000 tons of CO2, which is an increase of over 20% in food waste savings over the previous year.  

RELEX also reduced transport emissions across the supply chain through more accurate planning and optimized deliveries.  

Johanna Småros, Michael Falck and Mikko Kärkkäinen are School of Science’s alumni of the year 2023

The trio have grown software company Relex into a billion-dollar unicorn in just under two decades

Read more
SCI:n vuoden alumnit

News from innovation ecosystem

Campus park with green and orange autumn trees before a brick building under a blue sky with clouds
Awards and Recognition, University Published:

Which team deserves the Aalto Pioneering Excellence Award? Submit your nomination by 16 October

The award may be given to a team that does pioneering work to advance education, research or artistic activity, or to enable the international success of the Aalto University community
Girl holding a white and blue card that says "Aalto Founder School"
Studies, University Published:

When there is no proof, the story is the evidence — a new Founder Storytelling course at Aalto University

A new course at Aalto University teaches aspiring founders how to build, adapt and deliver the story behind their venture — before the traction, revenue and track record exist.
Technology, Business and Design
Studies, University Published:

Take your first steps as a founder — in just six weeks

A new Founder Principles course at Aalto University gives students the tools, mindset and hands-on experience to start building — with AI as a co-founder from day one.
Dean's Impact Award
University Published:

The Dean of the School of Business will honor students for their outstanding contributions to promoting sustainable development

The Dean’s Impact Award is intended to show appreciation for promoting sustainable development and activities in line with Aalto’s values
  • Updated:
  • Published:
Share
URL copied!