Grocers are using IoT tech to streamline inventory management
Trend - Supermarkets are leveraging IoT solutions to improve inventory management processes. Not only do IoT systems ensure supermarkets are stocked with the right items in the right quantities, but they also help these brands achieve their sustainability objectives by reducing food and energy waste.
Insight - Consumers are accustomed to streamlined e-commerce experiences and no longer have the patience for the inefficiencies associated with in-store shopping, such as empty shelves and near-expired produce. In addition, as sustainability gains importance from a consumer perspective, many of these shoppers will prefer to buy from retailers that adhere to eco-friendly practices. As a result, grocers using IoT tech are satisfying both these consumer needs via one inventory-focused solution.
Insight - Consumers are accustomed to streamlined e-commerce experiences and no longer have the patience for the inefficiencies associated with in-store shopping, such as empty shelves and near-expired produce. In addition, as sustainability gains importance from a consumer perspective, many of these shoppers will prefer to buy from retailers that adhere to eco-friendly practices. As a result, grocers using IoT tech are satisfying both these consumer needs via one inventory-focused solution.
Workshop Question - How can your brand utilize emerging technologies to be more efficient?
Trend Themes
1. Iot Inventory Management - Supermarkets are leveraging IoT solutions to streamline inventory management and reduce waste, satisfying consumer needs for sustainable and efficient shopping experiences.
2. Real-time Data Analytics - Smart data capture solutions like Scandit's ShelfView and Amazon's Store Analytics are helping retailers boost operational efficiencies, expand workforce capacity, and improve customer experience.
3. Iot Food Safety Monitoring - Grocers like Giant Eagle are partnering with IoT companies to implement temperature monitoring systems that autonomously regulate food assets, ensuring food safety and quality for customers.
Industry Implications
1. Retail - IoT-powered inventory management and real-time data analytics provide opportunities for retailers to meet consumer demand for efficient and sustainable shopping experiences.
2. Food & Beverage - IoT solutions for food safety and freshness monitoring offer opportunities for businesses to improve quality control and implement sustainable practices in their operations.
3. Technology - IoT companies like SmartSense by Digi are providing businesses with innovative technologies and digital solutions that improve efficiency and productivity in various industries, including grocery and retail.
