
Helios Artificial Intelligence (Helios AI) launched its advanced price forecasting capabilities covering more than 400 agricultural product prices, including fruits and vegetables such as tomatoes, blueberries, and grapes.
“In today’s volatile market and unpredictable climate, procurement teams need more than just data. They need intelligence and context,” says Francisco Martin-Rayo, co-founder and CEO of Helios. “With our new forecasting capabilities, we’re delivering both: unmatched accuracy in price predictions and the insights teams need to act with confidence.”
Key takeaways:
· Helios' new price forecasting tools offer procurement teams actionable insights on where prices are headed and why, up to 12 months in advance. Each forecast is paired with a customized explanation, providing context on the drivers behind the when and why of expected price movements, from weather shifts and climate risk factors to regional supply fluctuations and broader market trends.
· Helios' price forecasts are said to be up to 5 times more accurate than current industry benchmarks that have traditionally only used seasonality and basic supply/demand inputs.