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From ROI to frictionless customer experience – Silicon Valley Robotics [Video]

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Retail is the fastest growing industry sector for robotics, if we include the logistics associated with e-commerce, and the current pandemic is exacerbating the demand for and shortage of robotics. On July 7th Silicon Valley Robotics hosted a ‘Retail Robotics for Startups’ discussion with David Pakman, robotics investor at Venrock, Steven K. Platt, founder of the Platt Retail Institute and the Retail Robotics and AI Lab for the Retail Analytics Council, and Deborah Weinswig, founder of Coresight Research and globally renowned retail analyst.

David Pakman talked about some of the macro pressures driving automation adoption across five main sectors, industrial, warehouse and logistics, retail, agriculture and health, where the falling price of robots is creating an elastic market with increasing demand. In retail automation alone, the market forecasts show about a 12 or 13 Billion USD market which is forecast to double to about 24 Billion USD by 2026. This is largely driven by supermarket growth, and so Venrock …

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Ecommerce

Amazon is holding its annual Prime Day on Oct. 13 and 14 this year, after the pandemic forced it to postpone the sales event from July. Amazon is positioning Prime Day as a way to get people to kick-start their holiday shopping.