BOSTON, April 14, 2022 (GLOBE NEWSWIRE) — Spoiler Alert, the CPG industry’s leading digital platform for managing excess and short-term inventory, announced that it has helped customers sell more than 2 million cases of inventory in a single month. This achievement underscores Spoiler Alert’s key role in increasing sales and minimizing waste losses within the CPG supply chain.
The company‘s customers, which include 30% of the world’s largest food and beverage companies, sold more than 2 million cases of excess inventory in January 2022 to narrow sales channels using the Spoiler Alert software platform.
The Spoiler Alert platform digitizes the liquidation process, allowing CPG companies to transparently list and manage discontinued, slow-moving, and short-term inventory. Streamlining the end-to-end transaction allows perishable inventory to be moved faster and to a wider set of channels. This translates to increased sales for CPG businesses, a larger supply of opportunistic inventory for closing channels, and less waste overall.
“We are grateful to all of our customers, without whom we could not have reached this milestone,” said Ari Hopkinson, director of customer success at Spoiler Alert. “Their commitment and dedication allow us to continually improve our platform and make the clearance process more efficient for suppliers and buyers alike.”
Not only do Spoiler Alert customers recover the value of products that would otherwise have been written off, but this step also helps reduce the amount of methane produced in landfills and increase access to food in the United States by offering the product to discount stores and non-profit organizations. .
To enable this type of inventory movement, Spoiler Alert also improves the shopper experience by simplifying existing workflows and gaining faster access to inventory with a longer shelf life. “Buyers can see additional product and logistics details, such as images and shipping options, allowing them to bid on products with more confidence,” says Kai Mitchell, Engagement Specialist Spoiler Alert buyers.
Since its creation in 2015, Spoiler Alert has pursued its mission of reducing waste through technology. Today, the company manages excess inventory management at more than 300 manufacturing plants and distribution centers across the United States. In 2021, Spoiler Alert helped customers sell over 215 million pounds of excess inventory through secondary channels.
“Our goal has always been to solve the large-scale industry waste problem. This milestone is a testament to the efforts of our customers and our team to change the way excess inventory is managed,” said Emily Malina, President and Co-Founder of Spoiler Alert.
Since Spoiler Alert announced $11 million in Series A funding in December 2021, the organization has been focused on expanding its team and solutions offering. With this investment, Spoiler Alert aims to more than double its impact by growing its customer base and excess inventory under management by the end of the year.
About the spoiler alert:
Spoiler Alert is a Boston-based B2B software company that helps CPG companies manage excess and slow-moving inventory. Spoiler Alert’s platform enables CPG clients, including Campbell Soup Company, Danone North America, Mondelēz International, Nestlé, Kraft Heinz, HelloFresh, KeHE Distributors, Johnsonville and Bimbo, to manage their liquidation processes through a private network of discount retailers and non-profit channels – with a strong focus on maximizing value recovery, strengthening customer relationships and increasing the efficiency of supply chain managers.
Contact: firstname.lastname@example.org, 617-917-4123
Image 1: Over 2 million cases of excess inventory sold
Spoiler Alert’s timeline and progress to help its customers sell and manage excess inventory.
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Over 2 million cases of excess inventory sold