Retail Asia 2018 RA AUG2018_Online | Page 8

ONE VIEWPOINT Technology at the forefront… Future retail: Robots at your service W Lieu Yew Fatt M a n ag i n g D i re c to r, O m ro n E l e c t ro n i c s S i n g a p o re The arrival of robotics technology is set to benefit the retail industry as robots are deployed in e-commerce platforms as well as bricks-and-mortar stores to improve efficiency and enhance logistical and operational functions. hether it is retail therapy, weekly grocery runs or buying a gift for a loved one to celebrate a special occasion, shopping is an integral part of our lives. The retail landscape has evolved and consumers today are blessed with a plethora of options now that they have access to always-connected devices and technologies like augmented reality (AR) that seek to enable more efficient purchasing decisions. Alibaba Group’s New Retail strategy is one example of how retailers are changing their approach in order to succeed in this new landscape. It is taking an omni-channel retail strategy to connect online shopping with bricks-and-mortar experiences through technology and big data. While consumers walk through physical aisles of a supermarket or browse online catalogues, it is easy to overlook a vital and emerging component of the retail landscape today — robots. Robotics play a crucial role in cultivating a holistic retail experience for consumers in ways that are sometimes not even seen or thought of before. In warehouses, robots boost productivity and speed up the dissemination of goods to stores and customers. Robots have also been drafted in stores, ready to serve customers with efficient inventory management. As the role of robotics in retail advances, we will see the same increase in speed and efficiency apply to the shopping experience as it has for industrial applications. Hardwired for efficiency To satisfy today’s customer expectations of receiving goods faster and with low delivery charges, retailers must develop an effective logistics system. Robots can help ease the pressure on retailers by improving logistical functions that are otherwise time-consuming. 6 Retail Asia August 2018 One example is how automation and robotics are used in smart warehouses to move large number of items through warehouse storage systems in a quick and reliable fashion while still managing a visibility on the exact location of each item at all times. Global retail stalwart Amazon built its success on automating its warehouse operations while maintaining its top 10 status in the Biggest Employers ranking. Fuelled by the support of the 55,000 robots added to its ranks last year, Amazon offered quicker deliveries at lower costs and led the retail industry in sales growth. Closer to home, robots have progressively proven themselves at Alibaba. The company recently introduced Steel Soldiers, a film about While consumers walk through physical aisles of a supermarket or browse online catalogues, it is easy to overlook a vital and emerging component of the retail landscape today — robots.