Startup Europe — The Sifted Podcast cover image

Startup Europe — The Sifted Podcast

“We’ve made more money than we ever dreamed of”: RELEX Solutions’s Johanna Småros

Dec 18, 2023
Johanna Småros, co-founder of RELEX Solutions, discusses the company's journey from academia to commercialization and how they are helping to reduce waste in the supply chain. They explore the importance of supply chain efficiency, the satisfaction gained from addressing challenges, fundraising plans, and the relationship between their commercial and nonprofit solutions. The podcast also touches on staying motivated after 20 years, the role of AI in RELEX Solutions, and the challenges and potential improvements in the industry.
45:07

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • RELEX Solutions aims to optimize supply chains and reduce waste, particularly in the food industry, by providing supply chain and retail planning software.
  • Despite initial bootstrapping, RELEX Solutions required external financing to support its expansion to the US market and prioritize investors with compatible allocation strategies and positive references from portfolio companies.

Deep dives

Relik Solutions: Revolutionizing Supply Chain and Retail Planning

Relik Solutions is a Finnish tech company valued at over a billion dollars that focuses on supply chain and retail planning software. Founded in 2005 by three co-founders, the company aims to optimize supply chains and reduce waste, particularly in the food industry. By offering solutions for demand planning, commercial planning, supply chain planning, and operations planning, Relik Solutions helps its clients maximize customer satisfaction while minimizing costs. Their impact can be measured through increased on-shelf availability, reduced inventory and waste, and improved sustainability, estimated at removing over 200 million kilos of waste annually. The company's success has led to international expansion, starting with neighboring countries and gradually entering the US and other regions. Despite growth, Relik Solutions remains focused on providing measurable results to clients and creating a fair and sustainable business environment.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode