Carrefour

M&A Activity • Sep 16, 2020

Press release Massy, September 16, 2020

Carrefour Group partners with Food-X Technologies Inc. to enhance its e-commerce capabilities

Carrefour bolsters commitment to technological advancements through partnership with leader in grocery e-commerce software technology

Carrefour Group today announces a strategic partnership with Food-X Technologies, a leading scalable end-to-end software solution for online grocery fulfillment, to power the development of its e-commerce capabilities. Furthering its technological evolution, this partnership will allow Carrefour to increase the productivity and profitability of its e-commerce operating systems while enhancing its digital customer experience, as the demand for online food orders continues to grow across the globe.

Under an exclusive agreement for the belgian market as a first step, Carrefour will integrate the Food-X Technologies software-as-a-service (SaaS) based system by mid-2021, encompassing a full range of functionalities from point-of-order to point-of-fulfillment which include :

• best-in-class, front-end web site APIs ;
• machine learning based order planning ;
• seasonal and local offerings just-in-time management and fresh fulfillment ;
• intelligent packing algorithms to optimize vehicle space utilization ;
• dynamic last-mile routing management to enhance delivery truck efficiency ;
• sustainable practices including reduction of waste, reduced plastic and reusable packaging, in alignment with the Carrefour 'Act for Food' objectives.

Carrefour will build its first Central Fulfillment Centre (CFC) in Belgium, which will service both click & collect and home delivery customers, covering the whole country and allowing Carrefour Belgium to conquer new customers.

In addition to this pilot, Carrefour and Food-X will consider expanding their partnership to other markets as their technology fits not only CFCs but also micro-fulfillment centers. Carrefour and Food-X Technologies will also partner to incorporate ongoing tech learning and innovation on sustainable business practices.

'We are very excited to start this tech partnership with Food X, which will boost the efficiency of our e-commerce operations. It will allow us, in one of our key markets, to pilot innovative ways of achieving a profitable, scalable and sustainable online business while delivering an outstanding experience to our customers' said Amélie Oudéa-Castera, Head of the Customer, data and tech division at Carrefour Group.

'We are very pleased to be working with Carrefour, one of the world's leading grocery retailers. Carrefour is recognized for their innovation and focus on critical initiatives to support their customers, and we are proud that they have chosen us to develop an advanced, efficient online grocery business in Belgium at a time when the positive impact of our technology has never been more apparent' said Peter van Stolk, CEO of Food X Technologies.

About the Carrefour Group

With a multi-format network of more than 12,000 stores in more than 30 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour recorded gross sales of €80.7 billion in 2019. It has more than 320,000 employees who help to make Carrefour the world leader in the food transition for all, providing everyone with access to high quality, affordable food every day in all locations.

For more information, visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).

About Food-X Technologies

Food-X Technologies is the only scalable end-to-end eGrocery Management Solution (eGMS) designed to meet the needs of large and small grocery retailers while providing profitable unit economics. Food-X's award winning eGrocery platform is the culmination of 20 years of experience in online grocery and has a proven track record of delivering efficiency, sustainability and profitability. Food-X utilizes Microsoft as its technology partner, and has partnered with Canada's Digital Technology Super Cluster in the advancement of its innovation pipeline. Food-X Technologies is the software behind Sustainable Produce Urban Delivery's (www.spud.ca ) integrated food business ecosystem that includes online retail, community retail locations, food preparation services, wholesale and last mile distribution. For more information, please visit www.foodxtechnologies.com

Contacts

Carrefour

Investor Relations

Selma Bekhechi, Anthony Guglielmo and Antoine Parison Tel : +33 (0)1 64 50 79 81

Shareholder Relations Tel : 0 805 902 902 (toll-free in France)

Group Communication Tel : +33 (0)1 58 47 88 80

Food-X

Food X Technologies Media Relations: FoodXtech@icrinc.com