Jargon Trends

Trend - Retailers and grocers are testing fully automated locations to lower costs. By saving on the many complications associated with labor, these retailers are able to offer reduced prices for the benefit of the consumer. These often begin as solo test locations before expanding based on demand.

Insight - Lower-income consumers are the most affected by the continued rise in grocery prices year-over-year. However, even middle class consumers are feeling a notable impact to their finances caused by rising prices. In turn, retailers are facing leftover stock, particularly in the produce and perishables sections, leading to brands investing in ways to bring costs down for consumers. One such way is through the use of AI-based employee-free store locations.