Trax, a leading global provider of computer vision solutions and analytics for retail, announces the launch of ‘Trax CPG NXT,’ a suite of next generation computer vision-powered solutions designed to address the most salient issues facing consumer packaged goods (CPG) manufacturers.
“The introduction of Trax CPG NXT marks an important milestone for the company”
With Trax CPG NXT, clients benefit from more than a decade of deep industry expertise and experience enabling brands to drive more effective and efficient in-store execution. The suite of solutions offers industry best practices for incremental growth. The four solutions include Trax Field Optimizer, Trax Perfect Store, Trax Category Excellence and Trax Contract Compliance, each available now globally.
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Trax Field Optimizer empowers sales reps and merchandisers with computer vision-powered real-time shelf insights to fix execution gaps and drive incremental sales in the store. At headquarters, managers can leverage analytics dashboards to monitor and optimize the execution performance of their field teams.
Trax Perfect Store provides headquarters and field teams with visibility into store conditions to manage their Perfect Store programs.
Trax’s Category Excellence provides category teams with powerful shelf insights and trends about the entire category. This enables them to better manage innovation planning, assortment optimization and overall category growth, in addition to becoming trusted advisors to their retailer clients.
Trax’s Contract Compliance provides key account, category and trade marketing teams with accurate visibility on how trade agreements are being executed in stores. Teams get meaningful analytics and insights into the compliance process with retailer partners to drive mutual growth and success.
“The introduction of Trax’s CPG NXT marks an important milestone for the company,” said Barak Turovsky, chief product officer. “Being focused on both value and outcome for our customers has always been a point of pride for Trax’s . And with Trax CPG NXT we have essentially bottled up more than 10 years of experience working with the top CPG companies, emerging brands, and grocery retailers to offer new fit-for-purpose packaged solutions that address the biggest pain points in planning, executing, measuring, and optimizing the shelf.” Turovsky goes on to add, “Beyond harnessing the power of our proprietary technologies in computer vision, artificial intelligence and Internet of Things hardware, we have leveraged our broad set of capabilities to equip our clients to digitize, analyze, and optimize the retail space at scale.”