From the Farm to the Frosty®: Palantir and Wendy’s Partner on AI and Supply Chain Digitalization

Rhea-AI Summary

Palantir Technologies Inc. (NYSE: PLTR) and Wendy's Quality Supply Chain Co-op (QSCC) have announced a partnership to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op. QSCC, serving over 6,400 Wendy's restaurants in the US and Canada, will initially implement Palantir's Artificial Intelligence Platform (AIP) to enhance decision-making processes.

In a second phase, QSCC will utilize Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management and Demand Deviation and Allocation. This partnership aims to create a fully integrated Supply Chain Network with AI-driven, automated workflows, potentially leading to cost savings and efficiencies for all Wendy's operators.

Positive

• Partnership with Wendy's QSCC, the second largest purchasing cooperative in the QSR industry
• Implementation of Palantir's AI Platform (AIP) for improved decision-making
• Expansion into supply chain management and waste prevention applications
• Potential for cost savings and efficiencies across Wendy's supply chain

Negative

• None.

Insights

Supply Chain Expert

This partnership between Palantir and Wendy's QSCC is a significant development in the QSR industry's digital transformation. By leveraging Palantir's AI platform, QSCC aims to create a fully integrated supply chain network with AI-driven automated workflows. This move could potentially lead to:

• Improved operational efficiency
• Cost savings for Wendy's operators
• Enhanced decision-making capabilities

The implementation of Dynamic Inventory Management and Demand Deviation and Allocation systems could significantly reduce waste and optimize inventory levels. This could result in millions of dollars in savings annually for Wendy's network of 6,400+ restaurants. However, the success of this initiative will depend on the seamless integration of Palantir's technology with QSCC's existing systems and the ability of staff to adapt to new AI-driven processes.

AI and Technology Analyst

Palantir's involvement in Wendy's digital transformation is a strategic move for both companies. The implementation of Palantir's Artificial Intelligence Platform (AIP) in QSCC's operations signifies a major shift towards data-driven decision-making in the fast-food industry. Key points to consider:

• Integration of large language models with enterprise data
• Enhanced security and trust in AI applications
• Potential for custom-built modular applications

This partnership could set a new standard for AI adoption in the QSR sector, potentially triggering a domino effect of similar initiatives among competitors. However, the success of this project will hinge on Palantir's ability to deliver tangible results and QSCC's capacity to effectively utilize the new AI-powered tools across its vast network.

Restaurant Industry Analyst

This collaboration between Palantir and Wendy's QSCC represents a significant leap forward in the QSR industry's technological evolution. By focusing on AI-driven supply chain optimization, Wendy's is positioning itself at the forefront of innovation in a highly competitive market. Key implications include:

• Potential for improved food quality and consistency
• Enhanced ability to respond to market trends and consumer preferences
• Possible reduction in food waste and associated costs

The success of this initiative could give Wendy's a competitive edge over other fast-food chains, potentially leading to increased market share and improved profitability. However, it's important to monitor how these technological advancements translate into tangible benefits for customers and franchisees. The industry will be watching closely to see if this partnership sets a new standard for operational excellence in QSR.

DENVER & DUBLIN, Ohio--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI systems, and Wendy’s Quality Supply Chain Co-op (QSCC) today announced they have partnered to accelerate digital transformation, AI adoption and operational decision making across the Co-op.

This partnership will bring QSCC towards a fully integrated Supply Chain Network with opportunities for AI-driven, automated workflows as well as a future Wendy’s connected ecosystem of suppliers, distributors and restaurants. The cost savings and efficiencies from transforming QSCC into a digital forward company will benefit all Wendy’s operators it serves. QSCC, the second largest purchasing cooperative in the Quick Service Restaurant (QSR) industry, services Wendy’s more than 6,400 restaurants in the United States and Canada.

At first, QSCC will be moving onto Palantir’s Artificial Intelligence Platform (AIP) to improve the scale and speed of decision-making across the Co-op. The platform is designed to connect disparate data sources into a single common operating picture, enabling both technical and non-technical users to quickly make decisions, evaluate their efficacy, and custom build modular applications.

In a second phase, QSCC will be using Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management, Variance and Gain Information for Restaurants, and Demand Deviation and Allocation. Palantir’s software enables organizations to bring the power of large-language models and other cutting-edge AI to their enterprise networks, private data, and core operations - with maximum security and trust - to help generate cost savings and efficiencies across the supply chain.

“Together with Palantir, we’re unlocking the inherent power of the supply chain ecosystem to drive new and compelling sales and operating efficiencies that will provide Wendy’s with a distinctive edge in the industry,” said Pete Suerken, QSCC President and CEO. “The sophisticated and nimble AI-powered planning and fulfillment system we’re developing will serve as the cornerstone for our state-of-the-art interconnected network.”

“We’re proud to partner with Wendy’s QSCC and support the Co-op’s digital transformation for the benefit of restaurant operators, suppliers and distributors alike,” said Ted Mabrey, Head of Global Commercial at Palantir. “Our AI operating system powers many of America’s most important companies, giving them a technology-driven competitive advantage, and we are excited to continue to grow in the QSR sector with this iconic brand and an ambitious vision.”

Forward-leaning technology and data science are integral to how Wendy’s runs its business and serves its customers. This includes using generative AI to reimagine the drive-thru experience with its FreshAI platform designed to enhance the customer and crew experience by automating the ordering process.

Palantir has partnerships across the food industry and a proven track record of helping customers improve their operations and supply chains with AI.

ABOUT PALANTIR TECHNOLOGIES INC.

Palantir builds category-leading software that empowers organizations to create and govern artificial intelligence across public and private networks. Since 2003, we have helped some of the world’s most important organizations solve their most difficult problems by delivering the foundational software of tomorrow, today. https://www.palantir.com.

ABOUT QUALITY SUPPLY CHAIN CO-OP

Quality Supply Chain Co-op, Inc. (QSCC) was founded in 2010 and is the independent purchasing cooperative for the Wendy’s^® System based in Dublin, Ohio. QSCC is the second-largest purchasing cooperative in the quick-service restaurant industry with nearly $4 billion in buying power and supports more than 6,000 Wendy’s restaurants in the United States and Canada. To learn more about QSCC and how to become a supplier or distribution partner, visit www.wqscc.com and connect with us on LinkedIn.

ABOUT WENDY'S

Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, "Quality is our Recipe^®," which remains the guidepost of the Wendy's system. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty^® dessert. The Wendy's Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption^® and its signature Wendy's Wonderful Kids^® program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. Today, Wendy's and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on X and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

*Fresh beef available in the contiguous U.S., Alaska, and Canada.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise

View source version on businesswire.com: https://www.businesswire.com/news/home/20240807171687/en/

Lisa Gordon

media@palantir.com

Source: Palantir Technologies Inc.

FAQ

What is the purpose of Palantir's partnership with Wendy's QSCC?

The partnership aims to accelerate digital transformation, AI adoption, and operational decision-making across Wendy's Quality Supply Chain Co-op (QSCC), potentially leading to cost savings and efficiencies for Wendy's operators.

How will Palantir's AI Platform (AIP) be used by Wendy's QSCC?

Initially, QSCC will use Palantir's AIP to improve decision-making. In a second phase, it will be used for supply chain management and waste prevention, including Dynamic Inventory Management and Demand Deviation and Allocation.

What potential benefits could this partnership bring to Wendy's (PLTR)?

The partnership could lead to a fully integrated Supply Chain Network with AI-driven, automated workflows, potentially resulting in cost savings and efficiencies for all Wendy's operators served by QSCC.

How many Wendy's restaurants will be affected by this Palantir (PLTR) partnership?

The partnership will affect over 6,400 Wendy's restaurants in the United States and Canada that are serviced by QSCC.