What do you think when you hear the words ‘automated retail’? For us, we think it screams opportunity! Let us explain… Automated retail is an evolution of a shopping experience that’s been going on for over a century. It is the process of completing a transaction without being served by a human.
If you look back, there were examples of retail automation as far back as 1883, when Perval Everett invented the first automated vending machine that sold postcards. Now, fast forward to 2023, and we have self-service petrol (and charging) pumps, fast-food kiosks, vending machines that make recommendations for the undecided snack enthusiasts, and much more.
But what’s the point of this revolution, and how is taking away the human element with retail automation, and enhancing the shopping experience for both customers and businesses? In this article, we’re going to explore five ways that it does just that. Read on to learn more!
Take McDonald's, for example. Back in 2018, when they started to replace their cashiers with kiosks, they were rumoured to be costing between $10,000 and $20,000 per unit to install, plus software and maintenance - a jaw dropping figure made obsolete by the $2.7 billion in savings they are predicted to make worldwide as a result. What’s more, while you’re travelling, the universal usability that comes hand in hand with retail automation means that a cashier will never misinterpret McNuggets for a fruit bag again!
Depending on what sort of automated retail you’re looking at acquiring, it can save big bucks to set up too, leading us nicely to scalability.