Under the new retail concept, vending machines will become a trend

Since the reform and opening up, with the rapid development of technology and the continuous improvement of people's living standards, new retail has begun to popularize our lives. Jack Ma was the first to propose the new retail concept. At the Alibaba Cloud Conference in October 2016, Alibaba first proposed the new retail concept. When I first heard it, I didn't know how to feel sharp; when I thought about it, I was in the mist. For professional bigwigs, the concept of new retail can only be unspeakable, but for the general public or entrepreneurs who want to enter the industry, the concept of new retail is still very vague. What exactly is new retail? New retail means that the new retail method is essentially a form of retail, and it is a retail that has improved efficiency through the power of technology. Among them, the one that best reflects the characteristics of new retail is unmanned sales, and there are currently four main forms of unmanned sales: one is an unmanned convenience store, referred to as unmanned store; the other is an unmanned vending machine, also called It is a vending machine; there is also an unmanned shelf; and the other is an unmanned cash register in a manned store. These are the current four mainstream unmanned retail models. After these series of twists and turns and development, mobile payment has become more and more convenient. With the adjustment of population structure and technological development, the technology of vending machine has become more and more mature, and after a wave of cycles, vending machines have ushered in a new trend. The vending machine, which has been in the country for nearly two decades, has finally received the attention of business giants in recent years. Vending machines are very common in some developed countries. For example, Japan has 5.5 million vending machines, an average of one for every 23 people; the United States has 6.8 million vending machines, an average of one for every 35 people. It has been officially promoted and used in my country for more than 10 years. At present, the trend of the domestic vending machine market has gradually become clear, gradually extending from the coastal economically developed areas and major and medium-sized cities to the inland and underdeveloped areas. At present, China's vending machine industry is in a period of rapid development, with approximately 638,000 machines in the market, and consumption in 2016 reached 162,000. In the future, vending machines will become an indispensable part of daily life. Vending Machines and Unmanned Convenience Stores Leading New Models of Unmanned Retail According to the '2018-2023 China's Vending Machine Market Status Analysis and Investment Prospects Research Report' released by Booz Data, as the main format of my country's unmanned retail industry, 2016 my country’s vending machine sales market scale was 16.84 billion yuan, accounting for 98.8% of the total domestic unmanned retail market in the same period. In 2017, the sales market of vending machines was around 19.34 billion yuan. According to data from the Self-service Vending Industry Branch of the China Department Store Business Association, more than 65% of retailers in the country are willing to carry out terminal innovation by 2021. In addition to the continuously upgraded traditional convenience stores, unmanned stores are the representative. New types of retail terminals are becoming an important choice for these companies, and similar convenience store formats are also facing a new round of upgrades. The trend of unmanned or semi-unmanned convenience stores will not be ruled out in the future. With the development of vending machines, there will be many vending machine products that are closely related to life in the later period.