Core Insights - Walmart and Avery Dennison announced a strategic partnership to implement new RFID technology in Walmart's fresh food departments, including bakeries, meat, and deli sections [1] - This is the first solution of its kind in the industry, utilizing RFID smart tags and sensor technology designed specifically for high humidity and low-temperature environments, such as meat coolers [1] - The technology aims to enhance inventory tracking accuracy and speed, ensuring product availability while improving operational efficiency and enabling smarter product rotation and markdown decisions based on digital shelf-life information [1] Company and Industry Summary - The partnership is expected to help reduce unsold food and food waste, directly supporting Walmart's goal to halve food loss and waste intensity in its global operations by 2030 [1] - Walmart serves approximately 270 million customers weekly, while Avery Dennison anticipates achieving $8.8 billion in sales across over 50 countries in 2024 [1] - Christyn Keef, Vice President of Front-End Business Transformation at Walmart U.S., emphasized that technology should simplify the lives of both employees and customers [1]