Grabango has officially shut down, marking a significant moment for the future of fixed-position camera-based automated checkout systems. The podcast discusses the implications of this closure, particularly in light of the fact that Grabango's technology, which was aimed at offering a checkout-free shopping experience, struggled to gain traction despite its innovative approach. Speakers analyze how the perceived value of simply walking out of a store without checking out may not be enough for consumers to choose such technologies over more established solutions. They also emphasize a shift in retail technology investments towards more cost-effective options like in-store robotics, which could lead to a decline in interest for just walk-out systems. As the conversation unfolds, they reflect on recent trends in the industry, including Amazon's own setbacks with similar technologies, suggesting a broader reevaluation of the automated checkout landscape.
Takeaways:
- Grabango has permanently ceased operations, highlighting challenges in automated checkout technology.
- The shutdown of Grabango raises questions about the viability of camera-based checkout systems.
- Retailers may prioritize lower-cost solutions like robotics instead of complex camera systems.
- The trend towards in-store robotics is expected to intensify following Grabango's exit from the market.
- Amazon's criticisms of its own just walk out tech suggest a broader industry reevaluation.
- Retailers are focusing on technologies that directly impact their core business and profitability.
Companies mentioned in this episode:
- Grabango
- Aldi
- Amazon
- Instacart
- Sam's Club
Thanks to the A&M Consumer and Retail Group, Avalara, Mirakl, Ownit AI, and Ocampo Capital for making this episode possible
For the full episode head here: https://youtu.be/T_30gGTzlZ4
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Information
- Show
- Channel
- FrequencyUpdated Daily
- PublishedOctober 19, 2024 at 1:34 PM UTC
- Length4 min
- Season7
- Episode129
- RatingClean