An autonomous robot equipped with cameras and sensors is employed by retailers to verify price signs, identify out-of-stock items, and monitor shelf inventory.
Cameras on the robot's sides capture shelf images, which are uploaded to the cloud to analyze product availability, pricing accuracy, and positioning.
Out-of-stock items and empty shelves cost US retailers $82 billion in 2021, highlighting inventory challenges.
Inventory robots can identify low stock items like Snickers, prompting restocking from storage to the sales floor.
Almost half of retailers struggle with out-of-stock items in fulfilling customer orders.
The use of inventory robots addresses labor shortages and enhances customer satisfaction while retailers compete in a tight job market.
The inventory robot market is valued at $34 billion, with companies like Simbe Robotics and Bossa Nova Robotics participating.
Robotics and automation help manage inventory and free up employees for tasks requiring human skills.
Inventory robots provide retailers with data on customer preferences and demand, aiding in stock management.