Survey: Retailers fast-tracking robotic automation technologies in the wake of COVID-19
SAN DIEGO, April 6, 2021 /PRNewswire/ -- The retail industry is looking to adopt new robotic technology faster than expected due to the COVID-19 pandemic, with widespread adoption now expected in just a few years, according to a new survey conducted by RetailWire and Brain Corp, an artificial intelligence (AI) company creating transformative core technology in robotics.
The results of the survey, conducted last month, underscore the growing significance of robotic automation technology in the post-pandemic marketplace. These technologies are seen as key for assisting workers with a variety of tasks, from floor cleaning to shelf scanning, both in stores and in warehouses. The full survey results are included in a free executive summary, "Robots in Retail: Examining the Autonomous Opportunity."
The survey also shows that retailers are looking to use robotic solutions for in-store functions like automating tasks and collecting environmental data for improving customer experiences. This includes robotic applications for scanning shelves for stockouts (59%), order picking (47%), delivering goods from the back warehouse to store shelves (35%), pricing accuracy checks (35%), and more.
"The global pandemic brought the value of robotic automation sharply into focus for many retailers, and we now see them accelerating their deployment timelines to reap the advantages now and into the future," said Josh Baylin, Senior Director of Strategy at Brain Corp. "Autonomous robots are versatile productivity partners that help keep stores clean, generate additional hours for employees, and help improve in-store customer experiences."
The survey findings are consistent with the growth that Brain Corp saw in 2020 for robotic deployments with its OEM partners. The company achieved an increase of over 300% in robotic deployments last year, many in retail stores, while generating an estimated 3.3 million hours in productivity for end customers.
While robotic technology in retail has slowly been gaining steam over the years, RetailWire said it found the new accelerated adoption trends expressed in the survey "stunning" and "surprisingly large."
"These are not the kinds of numbers indicative of an emerging technology in an early phase of deployment in retail, but of a technology just a few short years from widespread adoption," according to the report. "In fact, as robotic technology gains a foothold in-store operations, broader benefits are likely to fuel future growth, such as the ability to capture granular, real-time data about products on shelves and customer buying patterns, monitor pricing and planogram compliance and keep tabs on out-of-stocks. Armed with this kind of data, retailers will be able to discover actionable insights, make smarter decisions and increase store productivity."
The survey queried 136 respondents in the retail industry, including retailers and wholesalers, retail consultants, tech solution providers, and brand marketers and manufacturers. For further information, download the free executive summary, "Robots in Retail: Examining the Autonomous Opportunity" or go to www.braincorp.com.
About Brain Corp
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SOURCE Brain Corp