A naukri.com initiative
The Robot Report
3w
274
Simbe, Coresight Research study finds retailers urgently need to reduce inefficiencies
- Simbe Robotics Inc. and Coresight Research released the 'State of In-Store Retailing 2025' report emphasizing the need for retailers to digitize stores using AI and automation.
- Retailers are losing $162.7 billion annually due to in-store inefficiencies, with pressure mounting and facing increased margin pressure.
- The report highlights challenges like losing 5.5% of gross sales to inefficiencies, driven by labor challenges, shrinkage, manual tasks, and employee turnover.
- Execution gaps are widening, with promotion execution errors, pricing errors, and misplaced items being top operational challenges.
- Despite adopting store intelligence technologies, only 20% of retailers have fully scaled them, leaving room for early movers to lead.
- Investment in store intelligence technologies is up by 151% year-over-year, particularly in shelf-digitization technologies like robotics, showing increased adoption.
- Retailers failing to adopt holistic store intelligence strategies risk falling behind as automation reshapes in-store execution, per Coresight Research's CEO.
- Simbe's Store Intelligence platform has benefited retailers, with examples like ShopRite reducing out-of-stocks by 50% using the autonomous Tally robot.
- Partnership with DeCicco & Sons, a NY grocery chain, integrates Simbe's platform to enhance product availability, pricing accuracy, and service quality.
- Simbe's expansion on the East Coast is furthered by the partnership with DeCicco, highlighting the company's role in modern retail infrastructure.
Read Full Article
16 Likes
For uninterrupted reading, download the app