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

Established:

2005

Looking for:

-

SDGs:

Industry, innovation and infrastructure

Industry:

ICT

Impact:

Efficiency

School:

School of Business

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

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