By Mark Kawalya
Chil Food Center, a B2B Fintech startup, unveiled its 2027 innovation framework that will focus on automating 90% of the firm’s warehouses that hold food supplies for retailers spread across Europe, Africa, North America and the Middle East. The firm, which is a subsidiary of the Chil Group, plans to automate its first warehouse, which is located in Abu Dhabi, with subsequent automation following in Paris and Dubai in 2024.
Chil Food Center streamlines the food supply chain by providing a platform for direct communication and simplified purchasing for food retailers and suppliers. Additionally, food retailers are given credit facilities, enabling them to purchase the food they need and pay for it later, while the supplier receives his payment upfront.
The startup’s unique business model has given it considerable success, with the firm’s board of directors seeing the 2027 innovation framework as critical to taking the company to the next level.
The firm’s co-founder and CEO, Shamim Nabuuma Kaliisa, believes automation of the warehouses will have a significant reduction in the firm’s need for human interaction in the food supply chain. Additionally, it will greatly increase efficiency and food safety by reducing the possibility of human error.
“CHIL FOOD CENTER is excited to lead the way in the automation of food supply chain warehouses. The company’s commitment to innovation and the implementation of cutting-edge technology positions it as a leader in the e-commerce industry,” she said.
Implementing the 2027 innovation framework will kick off in 2023 and is a testament to the firm’s commitment to offering the highest level of service in the e-commerce industry and dedication to meeting the evolving needs of its retailers and suppliers.
The firm is not only focused on turning over a profit but is committed to supporting other startups. In late 2022, the firm’s parent group announced a new venture capital fund that was geared to transforming technology investment in Africa. The fund, valued at $87,500 will benefit early stage startups whose core processes can be leveraged for the development of the continent.
The firm will seek out companies in spaces such as Fintech, artificial intelligence, property tech and retail sectors provided they demonstrate forward-thinking, sustainable values.