Helios AI, a supply chain management software provider, has launched a price forecasting tool designed for commodity traders and procurers. This innovative tool predicts the prices of over 400 products, including fruits and vegetables, up to 12 months in advance. Each forecast comes with tailored insights explaining price fluctuations influenced by climate, weather, supply chain disruptions, and macroeconomic factors. Helios AI is already attracting global customers like FreeWorld Trading, which seeks to navigate supply chain challenges. Co-founder Francisco Martin-Rayo emphasized that understanding the ‘why’ behind price movements is crucial for traders and procurement teams. Established in late 2022, Helios leverages extensive climate risk data to assist businesses facing increasing market volatility exacerbated by factors such as climate change and geopolitical events. As the demand for accurate forecasting grows, Helios aims to become a valuable resource for organizations struggling with price volatility and supply chain risks.
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