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   Grocers, Get Ready For Artificial Intelligence-Based Transformation
by Doug Baker, FMI
Posted: Friday, November 9, 2018 at 3:43PM EST

Among the six digital imperatives for a successful omnichannel strategy established by FMI and Nielsen is one that involves completeness and consistency across in-store and digital shelves, cutting costs and creating a clear assortment inventory that keeps shoppers coming back. This is particularly relevant, given that grocery retail spending on technology could vastly increase shoppers’ online grocery habits.

By 2022, consumers could be spending $100 billion dollars a year on online grocery. That’s equal to every U.S. household annually spending $850 online for food and beverage, according to The Digitally Engaged Food Shopper. One way that grocery retailers plan to meet this emerging demand is by considering the use of artificial intelligence (AI).

Two grocery retailers recently announced at Groceryshop how they’re tackling and optimizing the digital shelf head-on – one is implementing aisle-scanning retail inventory robots, known as Tally, and the other is automating the “picking” process for its consumers’ baskets. We also heard how AI technologies promise to solve various pain points across the grocery retail value chain, from the supply chain to merchandising and marketing.

To read the rest of the story, please go to: Food Marketing Institute

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