Wendy's enlists Palantir's AI to keep up with Frosty demand

seekingalpha
2024-11-07

RiverNorthPhotography/iStock Unreleased via Getty Images

With the help of Palantir Technologies (PLTR), Wendy’s (NASDAQ:WEN) is using artificial intelligence to make sure the hamburger chain never runs out of its signature Frosty milkshake.

Over the summer, Wendy’s (WEN) Quality Supply Chain Co-op (“QSCC”), the entity responsible for purchasing supplies for the company, enlisted the help of Palantir (PLTR) to spot supply chain shortages ensuring that Wendy’s 6,000 U.S. restaurants are well stocked in the event of unexpected rush of customers, and avoid the need to maintain costly inventories.

In addition to Wendy’s (WEN), Palantir’s (PLTR) Artificial Intelligence Platform is currently being used by Tyson Foods (TSN), General Mills (GS), and $Aramark(ARMK-W)$ (ARMK). By using the Palantir AI Platform, customers can improve the scale and speed of inventory management by connecting disparate data sources into a single common operating picture.

“Together with Palantir, we’re unlocking the inherent power of the supply chain ecosystem to drive new and compelling sales and operating efficiencies that will provide Wendy’s with a distinctive edge in the industry,” said Pete Suerken, QSCC CEO.

The Palantir Artificial Intelligence Platform was put to the test this summer when Wendy's (WEN) cut the price of its signature Frosty to just $1. While the company did not provide data on how many were sold during the promotion, there were no limits on the number of Frosty's customers could order.

During the company's Q3 earnings call, CEO Kirk Tanner praised AI's capability to increase labor efficiency and enhance margins.

"We are encouraged by the results of testing at select company restaurants, and we will broaden the implementation in 2025 across more company and franchisee restaurants that will unlock margin expansion opportunities. Our pursuit across these initiatives gives us the confidence in our outlook for accelerated growth and profitability to close out 2024 and beyond," Tanner said on the call.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10