{"id":31,"date":"2022-01-05T16:48:48","date_gmt":"2022-01-05T11:18:48","guid":{"rendered":"https:\/\/www.daalchini.co.in\/blog\/?p=31"},"modified":"2022-01-05T16:48:48","modified_gmt":"2022-01-05T11:18:48","slug":"vending-machines-new-normal","status":"publish","type":"post","link":"https:\/\/www.daalchini.co.in\/blog\/vending-machines-new-normal\/","title":{"rendered":"Will Vending Machines be the ‘new normal’ way of buying post-Covid19?"},"content":{"rendered":"

We have still not conquered Covid19 though I sincerely hope and believe that we will soon. However, there will be a \u2018new normal\u2019 set across the world in almost all the impacted industries. And Retail will and is one such industry. An immediate new reality.<\/span><\/p>\n

Impact on Consumer Behaviour<\/strong><\/em><\/span><\/h4>\n

The Coronavirus pandemic and the subsequent lockdown have brought a huge change in our daily lives and behavior. In a few months from now, when the world goes back to traveling, shopping, dining out, working out of offices; will we be doing things the same way we did pre-Covid-19? Few would argue that we will now live in a new reality post-Covid. Consumers are likely to cut back on discretionary spending and spend more on essentials like food, grocery, and medical. The food industry can see a big change as consumers will be tilted toward home-cooked meals rather than cafes and restaurants.<\/span><\/p>\n

Impact on Retail<\/strong><\/em><\/span><\/h3>\n

Retail is a vital part of India\u2019s economy. The retail industry contributed ~40% of India\u2019s consumption in 2019 and provided employment to more than a 50million people. 50% of the retail in India is accounted for by food and other essentials. The pandemic has put an adverse effect on the retail industry. The monthly business has already declined by 50% in the lockdown period. The cost of business is also likely to increase further by 20\u201330%. Overall the Indian retail industry can take up to a year to recover from the aftermath of the coronavirus pandemic.<\/span><\/p>\n

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Due to the pandemic\u2018s impact on consumer behavior and the need for minimum contact, e-commerce is expected to witness significant growth. Online platforms are expected to become indispensable for offline stores, and online-offline service integration is expected to increase. This can also give rise to a new kind of \u2018Unmanned\u2019 retail channel which can provide easy and uninterrupted availability of essential food and grocery.<\/span><\/p>\n

Several self-service technologies have been adopted over the past three months in China to help to fight the virus, according to a press release.<\/span><\/p>\n

What is Unmanned Retail?<\/strong><\/em><\/span><\/h2>\n

Unmanned Stores\/ Automated Convenience Store: Non-existent in India as of now. An unmanned store<\/strong> is a retail concept in which there is no service personnel and no cashiers in the store. The transactions are handled through a mobile application or self-serve cashier. The most popular such stores are known as \u2018Smart Vending Machines\u2019.<\/span><\/p>\n

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In India, the concept of vending machines is relatively new; most vending machines operating in the country are being used for institutional sales. The majority of the Vending machines in India are occupied by food and beverages. However, it can create a new distribution channel for many other categories especially in the wake of covid due to the advantage of no human contact while purchasing a product. It also takes limited space and saves the astronomical cost of renting shop space.<\/span><\/p>\n

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Some examples and pics of use-case introduced post covid \u2014<\/span><\/p>\n

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