NXP's 'Smart Market' Exhibits Retail Solutions for Today and Tomorrow
Laura McQuarrie — January 21, 2019 — Business
At this year's Consumer Electronics Show in Las Vegas, NXP presented its vision for the future of shopping with the Smart Market. The Smart Market takes the form of an unstaffed store that creates highly personalized and interactive experiences through NXP’s portfolio of NFC and RFID products and services, secure payment technologies and more.
The Smart Market showed off 24/7 access, self-checkout stations capable of detecting products in a shopping basket or cart, intelligent refrigerators with RFID inventory management, mobile loyalty programs, electronic shelf labels and wearable payment devices.
For its Smart Market CES 2019 exhibit, NXP teamed up with brands and technology suppliers including Kraft Heinz and Coca Cola, Decathlon, Ingenico and TPG Rewards to show off the possibilities for enhancing convenience, as well as customer satisfaction and engagement in a meaningful way.
The Smart Market showed off 24/7 access, self-checkout stations capable of detecting products in a shopping basket or cart, intelligent refrigerators with RFID inventory management, mobile loyalty programs, electronic shelf labels and wearable payment devices.
For its Smart Market CES 2019 exhibit, NXP teamed up with brands and technology suppliers including Kraft Heinz and Coca Cola, Decathlon, Ingenico and TPG Rewards to show off the possibilities for enhancing convenience, as well as customer satisfaction and engagement in a meaningful way.
Trend Themes
1. Unstaffed Stores - Disruptive innovation opportunity: Explore the development of unstaffed stores that utilize NFC and RFID products and services to create personalized and interactive shopping experiences.
2. Intelligent Refrigerators - Disruptive innovation opportunity: Develop intelligent refrigerators with RFID inventory management capabilities to enhance convenience and streamline grocery shopping experiences.
3. Wearable Payment Devices - Disruptive innovation opportunity: Invest in the development of wearable payment devices to offer convenient and seamless payment options for customers.
Industry Implications
1. Retail - Disruptive innovation opportunity: Transform the retail industry by integrating NFC and RFID technologies to create unstaffed stores and personalized shopping experiences.
2. Food and Beverage - Disruptive innovation opportunity: Improve inventory management and enhance convenience in the food and beverage industry through the implementation of intelligent refrigerators with RFID inventory systems.
3. Payment Technology - Disruptive innovation opportunity: Revolutionize the payment industry by focusing on the development of wearable payment devices to offer seamless and secure payment solutions.
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