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Retail IoT Heading Towards Growth
Internet of Things (IoT) has some interesting applications in retail. IoT can bridge the gap between online and in-person shopping. Additionally, it will promote increased automation and new ways to engage with customers. However, IoT is still in infancy stage. IoT is making its way into the mainstream retail world, and retail titans are leading the way. Amazon has used the IoT technology for a long time. The automation used for its supply chain and logistics functions are well-recorded and aimed at efficiency. Thousands of robots are used for packaging and centralized planning. IoT is the best way for Amazon to ship thousands of products around the world. IoT is very expensive and is used for the shipment of valuable products such as medical supplies that needs monitoring. On the other hand, the company uses cheap shipment methods for lower-value purchases to save costs.
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