It’s no secret. Retail stores are transforming or closing at an unprecedented pace. The entire shopping experience has been forever altered.
One of the major changes has been the adoption of technology, both ecommerce and in the store. Retailers recognize the importance of using technology to improve shopping experiences, provide greater convenience, streamline supply chains, simplify distribution, and execute merchandising tasks.
The other day I read a story about Walmart adding “inventory replenishment robots” to 50 locations. Moves like that will make a real impact on both the company and the people it employs. While they’re expected to improve productivity but not affect headcount, the truth is that at some point, robots and/or other automated technology will replace positions typically held by human beings.
Just look at the rise in self-checkout lanes these days.