Tech
How Robots Could Help Retailers Save Billions
Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face. Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.
Chapters:
0:00-2:07 Introduction
2:08-5:11 Chapter 1 Empty Shelves
5:12-9:26 Chapter 2 Inventory robots
9:27-12:31 Chapter 3 The future
Produced by: Shawn Baldwin
Additional Camera by: Andrew Evers
Edited by: Nic Golden Henry
Animation: Alex Wood
Supervising Producer: Jeniece Pettitt
Additional Footage: Brain Corp., Bossa Nova Robotics, Getty Images
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How Robots Could Help Retailers Save Billions
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Tech
How The U.S Became So Dependent On Taylor Farms
Taylor Farms has been linked to cyclosporiasis and salmonella outbreaks this summer. After years of consolidation, experts say the company’s ability to control every stage of the supply chain has made it indispensable to grocers and restaurant chains, while raising the stakes for consumers when things go wrong. CNBC food and wellness reporter Brandon Gomez explains how the U.S. became so reliant on Taylor Farms.
Chapters:
0:00 Introduction
1:40 Chapter 1: Concentration of risk
6:35 Chapter 2: Food giants’ reliance on Taylor Farms
7:30 Chapter 3: Does America have a better option?
CREDITS:
Reporting by: Brandon Gomez
Produced by: Ryan Baker
Edited by: Darren Geeter, Andrea Miller
Camera and Additional Reporting: Natalie Rice
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How The U.S Became So Dependent On Taylor Farms
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Is live-streaming going to be the next big thing that occupies everyone’s time on social media? Meerkat and Periscope, two new apps, are betting so. CNBC’s Dominic Chu compares the platforms.
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Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC
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Meta’s more sophisticated AI model Muse Spark is here, with ‘contemplating’ mode
Meta has quietly rolled out the most sophisticated version of its Muse Spark AI model, which deploys multiple agents to research and synthesize a consolidated answer. CNBC’s Julia Boorstin has more.
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Tesla chief executive fires back at Mobileye on safety concern accusations.
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Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC
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@Joe_biden_needs_to_GO
December 18, 2023 at 12:17 pm
This is fantastic!
@andrewg5416
December 18, 2023 at 12:17 pm
threaten me with a good time
@thomasjcox
December 18, 2023 at 12:17 pm
I’m telling you it’s the OF models and the influencers and GEN Z that are making all this happen! Force them to work!
@nkenchington6575
December 18, 2023 at 12:17 pm
https://www.youtube.com/watch?v=oDutkVRwrt8
@leechjim8023
December 18, 2023 at 12:17 pm
With all this buzz and even fear over AI, robots should be doing a shitload more stuff now! I should be able to buy an all-purpose household robot!😮
@bobyoung1698
December 18, 2023 at 12:17 pm
It seems as if retailers will soon have all the essential customer service pieces, with one exception … human beings.
So, what do we do with the millions of people who once had retail jobs? We eliminated most bagging jobs. We've reduced the number of cashiers, replacing them with self-serve checkouts. Many stores have cut the number of shelf stockers to the bone. We're losing an excellent employment opportunity for young workers, retired workers, and workers who are trying to supplement the wages they're not getting from another employer.
I began my retail career the day I turned 16. I worked with one store, part of a 27-store chain, for seven years. The money I earned made me less dependent on my parents. It enabled me to buy a dependable car. It paid for college tuition and books. It taught me many of the lessons that were so important in a rewarding career.
Does anyone out there still care about jobs for the people who need them?
@lordpaul0420
December 18, 2023 at 12:17 pm
If robots can do a human's job better than a human can then more power to them. Remove the human equation entirely! 👍
@trentcook8021
December 18, 2023 at 12:17 pm
…how buying ammo can help humans save lives…
@thetrainwreck1469
December 18, 2023 at 12:17 pm
Tell me what stores employ robots so I can stop shopping there
@MINIMAN10000
December 18, 2023 at 12:17 pm
We stopped having the autonomous inventory robots. Customers would block the robot which would enter a halt state. The machine would see a reflection in the floor and would enter a halt state. Both of which required hauling it back to the charge station manually by hand. Which means you had to have employees there to monitor it. On hands were constantly being adjusted downwards even though the shelves had freight on them causing over ordering. The whole thing was unfortunately a mess. The thing is, if you have not enough supply you can continue to function. But if you have to much supply you no longer have the ability to receive freight because there is nowhere to put it.
@paidwithlay
December 18, 2023 at 12:17 pm
Greed will be the fall of these corporations
@timothyslaughter476
December 18, 2023 at 12:17 pm
Or just use computers which have been around a minute and deduct products sold from initial stock levels and you already know what needs replacing. A camera looking at empty shelf space is not impressive. At all. Watch these workers at the grocery store and its alot involved in getting the products up. Alot of hand and arm and body manipulation a robot cant do currently. Now if they set up different shelving and made it so a robot could do it then maybe. The entire store would need to re configured and it wouldn't be packed in tightly as it is now. We'll see??? This was all supposed to be going on 10 years ago. What this video shows uscis machines that have been around 10 yesrs anyway doing nothing new.
@perooster1
December 18, 2023 at 12:17 pm
There's goes more jobs.. no surprise
@mrshopjulius5840
December 18, 2023 at 12:17 pm
"Women are made to love
Money is made to spend
Life is something, but
You will never live again"
@Whatsahandleforyt
December 18, 2023 at 12:17 pm
I’ve got mixed feelings. Everyone cries about the lost jobs but a majority of retail workers, me being a former one, see that as a good thing. No, not the person who loses their job or has no job. Surely they need something to pay them. But they’re thankless jobs, where even if you succeed, the company wants to topple you. No succeeding, just do your peasant job. It’s like a triangle of hell. Customer, company and employee. Each do not particularly get along.
@chaseoliver3057
December 18, 2023 at 12:17 pm
How retailers are becoming more efficient and profitable by replacing human workers with robots.
@adventureswithfrodo2721
December 18, 2023 at 12:17 pm
So another mindless gadget that is uncapable to help customers.
It is ftustrating that the people working in a store have no clue wherre items are located or answer a question.
At least the robot will not ignore you.
@silencemeviolateme6076
December 18, 2023 at 12:17 pm
They will do anything but pay a worker.
@tonyhekopiano5892
December 18, 2023 at 12:17 pm
Each robot should pay an employee tax.
@raykenley
December 18, 2023 at 12:17 pm
Why don't combine shelving and robot. I see all supermarket waste all the spaces on top of the top shelves, and often supermaket have very high ceiling.
The engineer should devolop the robot running hanging down the ceiling so it would knock into people and customers at all time.