3 & 4 APR 2024

Singapore Expo

Robots in Retail

Robots are becoming increasingly more prominent within the retail world, with many companies implementing them across nearly every aspect of the industry. From logistics and warehousing to sales and marketing, retailers are finding ways to use robotics to drive innovation and customer engagement. According to Global Newswire, the global Smart Robots market is forecasted to reach $25 billion by 2026.

Overall, the effective use of robots can save both time and money while boosting operational efficiency and customer service. By delegating certain monotonous tasks to robots, the risk of human error is eliminated and data and analytics are significantly more effective. The possibilities of robots in retail are endless, particularly if they are enabled with machine vision, or imaging-based automatic inspection and analysis.

Forbes detailed the many ways machine-vision-enabled robots are transforming the retail industry, noting that these robots can roam stores capturing photographs, allowing for effective inventory management, customer service, store management, and automatic checkout.

With such rapid technological advancements, robots are becoming increasingly more intelligent and able to respond and interact almost exactly like humans. You can learn more about how technology is transforming the retail industry at the Smart Retail Tech Expo on September 1st and 2nd, 2021. Click here to secure your free tickets!