Ep. 066: Future Retail Technologies Around the Globe
I’m joined by Luke Daniel Lucht, co-founder and research director at Research Farm, to discuss developing retail technologies around the globe and how they may impact the future of retail. Lucht begins by discussing approaches and challenges to unmanned stores overseas and what they could mean for similar stores in the U.S. (3:10 ) — and how the Amazon Go model fits into the future of these store formats (5:40 ). Next, he discusses what facial recognition might hold for retailers and consumers (10:00 and China’s new social credit system. He describes how it’s being used to curb and influence both shopping and public behavior and its implications for democratic countries (13:00 ). Daniel shifts focus to online grocery trends and how UK trends may impact the US online grocery market (23:30 ). He then dives into the future of autonomous vehicles (29:35 ), robo-warehousing and the future of grocers using vertical farming to provide fresher produce (34:00 ). Lucht also talks about how retailers can target consumers based on mood as signaled by wearables and how they interact with smartphones (37:50 ). Finally, he turns back to the online grocery market and which new grocers we should be watching for (45:00 ).
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