{"id":5033,"date":"2021-03-04T08:12:51","date_gmt":"2021-03-04T08:12:51","guid":{"rendered":"https:\/\/blog.verbat.com\/?p=2619"},"modified":"2024-05-24T04:11:42","modified_gmt":"2024-05-24T04:11:42","slug":"how-retailers-can-harness-automation-to-fuel-growth","status":"publish","type":"post","link":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/","title":{"rendered":"Automation in Retail: How Retailers Can Harness Automation to Fuel Growth"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em><strong>Retail is experiencing a lot of pressure from all sides. Low margins, rising cost to manage supply chains, increasing demands from suppliers to pass over raw-material cost inflation, steadily increasing labor costs, and huge investments to match the latest competition are some of the constraints faced by the sector.<\/strong>&nbsp;<\/em><\/p>\n\n\n\n<!--more-->\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft is-resized\"><img decoding=\"async\" src=\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\" alt=\"\" class=\"wp-image-2631\" style=\"width:488px;height:316px\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\n\nMeanwhile, the customer\u2019s expectation has risen significantly as digital natives and disruptors alike up the ante for personalized service which in turn is based on an advanced cost structure. As retailers have a hard time adjusting, and even to survive, they increasingly turn to automation to address the concerns regarding thinning margins and more demanding customer expectations.&nbsp;\n\nHowever, automation is a new opportunity for all but digitally native brands, and hence the approach to it varies accordingly. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Cost Reduction<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Due\nto many factors such as intense competition, investment in e-commerce, and\nrising wages, the pressure on retail margin is rising. This pressure is felt\nacross the retail subsectors. While these challenges are not new, many\nretailers have already worn out their cost-reduction methods. Unable to pass on\nthe rising cost to the customers in this cutthroat competitive environment,\nretailers are turning to automation for support and increase margins.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Also Read : <\/strong> <strong><a href=\"https:\/\/www.verbat.com\/blog\/automatic-face-recognition-technologies-using-raspberri-pi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Automatic Face Recognition Technologies Using Raspberri Pi<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A\nMcKinsey &amp; Company study has found that a regular grocery and hypermarket\nretailer experience a margin pressure of 100 to 150 basis points, whereas\nspecialty apparel or department stores face up to 350 to 500 basis points.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A comprehensive automation initiative across the store, supply-chain, and other administrative functions can reduce costs and create 300 to 500 basis points of incremental profits. This can be reinvested to leverage growth opportunities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"> <strong>Reconstructing Organizational Structure<\/strong> <\/h4>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p> Automation deconstructs the current organizational structure into an organization with fewer layers where each employee is in charge of a diverse set of responsibilities. Advanced analytics apprise retailers\u2019 decisions at all levels of the value chain- from targeted pricing and promotions to smarter category management and localized assortment planning. <\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In-store\ntechnologies such as handheld devices and sensors are improving store\nprocesses. Robotic process automation is speeding up back-office functions.\nThis can increase efficiency and effectiveness, reducing costs. Automation can\nalso improve the efficiency of HR processes and provide leaders new insights\nabout an effective people management strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deconstructing\nand reconstructing of organizational structure also means they no longer follow\ntraditional career paths from stocker to department manager to store manager.\nEmployees should now move laterally through many teams while acquiring\nleadership skills through outside training and executive exposure before moving\non to leadership roles. Also, these teams are built around end-to-end\naccountability, with flexible resources that improve workflow. Empowered with\nreal-time data, decision-making power is decentralized to encourage a bias to\naction.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"> <strong>Efficiency and Innovation is the Way to Survival<\/strong> <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The\nretail industry is experiencing disruption\u2014and reinvention\u2014at unprecedented\nspeed. The most prominent disruptor is Amazon, with its Amazon Go retail\nconcept. It is a chain of convenience store which has started operations in the\nUS. In the partially automated stores, customers can purchase products using a\nvirtual cart and will be charged through their Amazon account. There is no\nwaiting in line to check out and pay.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Also Read : <\/strong><a href=\"https:\/\/www.verbat.com\/blog\/robotic-process-automation-google-serp-analysis-for-seo\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Robotic Process Automation: Google SERP Analysis for SEO<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The\ntech giant is not the sole disruptor. Facing disruption and thinning margins\nmany retailers are turning to automation and artificial intelligence (AI)\ntechnologies at scale to enhance both the customer and employee experience.\nRetailers like Target and Walmart are heavily investing in robotic processes\nthat save hours of their associates\u2019 time. Walmart has also introduced\nvirtual-reality headsets to train employees, as well as the FAST Unloader\ntechnology to automate backroom operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If\nrecent trends are any indication, the sector will witness an accelerated pace\nof technology adoption. Retailers who straddle the fence face risk of getting\noutcompeted by aggressive, fast-moving, forward-thinking competitors. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many merchants are integrating solutions such as Verbat Technologies\u2019 \u2018Pick and Pack \u2018delivery system to increase vertical integration and third-party partnerships to speed up the supply chain. Such solutions simplify the process of logistics and operations enabling the merchants to be more nimble and adaptive to consumer trends while catering to the omnichannel customer experience. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the balance of power shifting more to the consumer, our cross-channel platforms will help retailers to understand customer behavior and uncover newer opportunities while enhancing customer experience. <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.verbat.com\/contact\/\" target=\"_blank\">Contact us<\/a><\/strong>, so that we can help your take your retail business to the next level! <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.verbat.com\/search-engine-optimization\/search-engine-optimization-dubai\">SEO Consultant Dubai&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.verbat.com\/web-hosting\">Web Hosting Dubai<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.verbat.com\/technologies\/mobile-app-development\">mobile application development companies in uae<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.verbat.com\/\">it companies in uae<\/a>&nbsp;|&nbsp; <a href=\"https:\/\/www.verbat.com\/software-development\">software development dubai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail is experiencing a lot of pressure from all sides. Low margins, rising cost to manage supply chains, increasing demands from suppliers to pass over raw-material cost inflation, steadily increasing labor costs, and huge investments to match the latest competition are some of the constraints faced by the sector.&nbsp;<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5033","post","type-post","status-publish","format-standard","hentry","category-others"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Retailers Can Harness Automation to Fuel Growth<\/title>\n<meta name=\"description\" content=\"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Retailers Can Harness Automation to Fuel Growth\" \/>\n<meta property=\"og:description\" content=\"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Software Development Company Dubai UAE - Verbat Technologies\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/verbatltd\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T08:12:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T04:11:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@verbatltd\" \/>\n<meta name=\"twitter:site\" content=\"@verbatltd\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Automation in Retail: How Retailers Can Harness Automation to Fuel Growth\",\"datePublished\":\"2021-03-04T08:12:51+00:00\",\"dateModified\":\"2024-05-24T04:11:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\"},\"wordCount\":776,\"publisher\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\",\"articleSection\":[\"Others\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\",\"url\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\",\"name\":\"How Retailers Can Harness Automation to Fuel Growth\",\"isPartOf\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\",\"datePublished\":\"2021-03-04T08:12:51+00:00\",\"dateModified\":\"2024-05-24T04:11:42+00:00\",\"description\":\"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage\",\"url\":\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\",\"contentUrl\":\"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.verbat.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Automation in Retail: How Retailers Can Harness Automation to Fuel Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.verbat.com\/blog\/#website\",\"url\":\"https:\/\/www.verbat.com\/blog\/\",\"name\":\"Verbat Technologies\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.verbat.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.verbat.com\/blog\/#organization\",\"name\":\"Verbat Technologies\",\"url\":\"https:\/\/www.verbat.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.verbat.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2024\/04\/verbatltd_logo.jpg\",\"contentUrl\":\"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2024\/04\/verbatltd_logo.jpg\",\"width\":200,\"height\":200,\"caption\":\"Verbat Technologies\"},\"image\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/verbatltd\",\"https:\/\/x.com\/verbatltd\",\"https:\/\/www.linkedin.com\/company\/verbatltd\"]},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Retailers Can Harness Automation to Fuel Growth","description":"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/","og_locale":"en_US","og_type":"article","og_title":"How Retailers Can Harness Automation to Fuel Growth","og_description":"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.","og_url":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/","og_site_name":"Software Development Company Dubai UAE - Verbat Technologies","article_publisher":"https:\/\/www.facebook.com\/verbatltd","article_published_time":"2021-03-04T08:12:51+00:00","article_modified_time":"2024-05-24T04:11:42+00:00","og_image":[{"url":"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg"}],"twitter_card":"summary_large_image","twitter_creator":"@verbatltd","twitter_site":"@verbatltd","twitter_misc":{"Written by":"","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#article","isPartOf":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/"},"author":{"name":"","@id":""},"headline":"Automation in Retail: How Retailers Can Harness Automation to Fuel Growth","datePublished":"2021-03-04T08:12:51+00:00","dateModified":"2024-05-24T04:11:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/"},"wordCount":776,"publisher":{"@id":"https:\/\/www.verbat.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg","articleSection":["Others"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/","url":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/","name":"How Retailers Can Harness Automation to Fuel Growth","isPartOf":{"@id":"https:\/\/www.verbat.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage"},"image":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg","datePublished":"2021-03-04T08:12:51+00:00","dateModified":"2024-05-24T04:11:42+00:00","description":"Discover how retailers can harness automation to drive growth, streamline operations, and enhance the shopping experience.","breadcrumb":{"@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#primaryimage","url":"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg","contentUrl":"https:\/\/blog.verbat.com\/wp-content\/uploads\/2021\/03\/automation-2.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.verbat.com\/blog\/how-retailers-can-harness-automation-to-fuel-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.verbat.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Automation in Retail: How Retailers Can Harness Automation to Fuel Growth"}]},{"@type":"WebSite","@id":"https:\/\/www.verbat.com\/blog\/#website","url":"https:\/\/www.verbat.com\/blog\/","name":"Verbat Technologies","description":"","publisher":{"@id":"https:\/\/www.verbat.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.verbat.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.verbat.com\/blog\/#organization","name":"Verbat Technologies","url":"https:\/\/www.verbat.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.verbat.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2024\/04\/verbatltd_logo.jpg","contentUrl":"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2024\/04\/verbatltd_logo.jpg","width":200,"height":200,"caption":"Verbat Technologies"},"image":{"@id":"https:\/\/www.verbat.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/verbatltd","https:\/\/x.com\/verbatltd","https:\/\/www.linkedin.com\/company\/verbatltd"]},{"@type":"Person","@id":""}]}},"_links":{"self":[{"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/posts\/5033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/comments?post=5033"}],"version-history":[{"count":2,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/posts\/5033\/revisions"}],"predecessor-version":[{"id":6162,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/posts\/5033\/revisions\/6162"}],"wp:attachment":[{"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/media?parent=5033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/categories?post=5033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.verbat.com\/blog\/wp-json\/wp\/v2\/tags?post=5033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}