Zebra Technologies to Unveil New Solutions at NRF 2024 Advancing the Modern Store
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Insights
With the retail industry undergoing rapid transformation, the integration of advanced digital solutions is becoming increasingly crucial for maintaining competitiveness. Zebra Technologies' expansion of its retail offerings through The Modern Store framework addresses key operational challenges faced by retailers, such as inventory management and creating a seamless customer experience. The incorporation of AI and RFID technologies for demand forecasting and inventory tracking can potentially lead to significant improvements in inventory accuracy, which is a critical pain point for retailers.
From a market perspective, the ability to reduce shrink, which amounted to $112 billion in losses in 2022, could have a substantial impact on the bottom line for retailers. The adoption of Zebra's solutions could lead to improved profit margins and operational efficiency. Moreover, the company's commitment to innovation and adaptation to retailer needs positions it favorably in the retail technology solutions market, which is expected to grow as retailers continue to invest in technologies that enhance customer experiences and streamline operations.
Zebra Technologies' strategic focus on empowering retailers aligns with the broader industry trend of digital transformation. The company's proactive approach to addressing the $112 billion shrink problem with its solutions could be a significant value proposition to potential clients. The emphasis on AI and RFID, technologies known for their ability to provide real-time data and analytics, could lead to increased demand for Zebra's products.
Investors should note the potential for increased sales and market share growth stemming from these offerings. The retail sector's appetite for technology that can bridge the gap between physical and digital commerce is growing and Zebra's positioning in this space may influence its stock performance positively. However, investors should also consider the competitive landscape and the pace at which retailers are willing and able to adopt these advanced technologies when evaluating Zebra's financial prospects.
The integration of Zebra Technologies' solutions, particularly AI demand forecasting and RFID tracking, represents a significant advancement in supply chain management within the retail sector. Accurate and visible inventory is crucial for reducing stockouts and overstock situations, which can erode customer satisfaction and increase costs. By enhancing inventory accuracy, retailers can achieve a leaner supply chain, reduce carrying costs and improve cash flow.
Furthermore, the ability to track inventory in real-time enables a more responsive and agile supply chain, capable of adapting to changes in consumer demand. This agility is particularly important in an era where consumers expect a seamless blend of in-store and online shopping experiences. Zebra's solutions could therefore play a key role in enabling retailers to meet these expectations, which could, in turn, drive industry-wide adoption of such technologies.
Company will showcase solutions that empower retailers to elevate customer experiences, optimize inventory management, and engage store associates
While retailers worldwide trust Zebra for its deep retail expertise, market-leading solutions, and insightful guidance for their modernization journey, the retail industry faces mounting challenges. Data from the National Retail Federation indicates retailers lost
“The stakes are higher than ever in the retail industry. Consumers expect to shop with a consistently seamless experience across channels. On top of that, retail theft and loss are reaching unprecedented levels,” said Matthew Guiste, Global Strategy Lead, Zebra Technologies. “Zebra remains fully committed to helping retailers work in new ways with technology, ensuring associates are better enabled, inventory is accurate and fully visible, and shrink is minimized. We are here to help retailers transform and modernize their operations.”
Optimize Inventory to Maximize Accuracy
Zebra’s recent shopper study shows eight in 10 retailers agree they need better inventory management tools to improve accuracy and visibility, and they believe AI will enhance retail operations. Zebra’s AI demand forecasting, analytics and RFID tracking solutions offer retailers the 360-degree view needed for fully visible inventory.
Visitors at Zebra’s NRF booth will see how Zebra Workcloud™, the company’s enterprise suite of software applications, enables front-line workers to better optimize labor decisions, streamline communication and improve inventory management. The Workcloud Demand Intelligence Suite, powered by antuit.ai, helps retailers address issues through intelligent forecasting and analysis, demand sensing, optimization and more.
Launching at NRF, the new AI-powered Workcloud Modeling Studio is a data science machine learning (DSML) platform. It builds and deploys accurate forecasts with a low-/no-code interface, allowing implementation within hours. Its pre-built customizable algorithms improve forecasting accuracy to minimize inventory errors or theft risks.
Zebra will also introduce its new FXR90 ultra-rugged fixed RFID reader which provides maximum visibility even in high-volume, rugged environments like a retail warehouse or fulfillment center. The FXR90 reader minimizes shrink and loss with the ability to identify and track where inventory losses are occurring so corrective actions can be taken to prevent future losses. With integrated wireless capabilities, including Wi-Fi and 5G, it also increases inventory visibility to maximize accuracy without an expensive infrastructure investment.
Engage Associates to Drive Productivity
Eight in 10 retail associates say they view their employer more positively when they provide them with technology tools to do their work, yet
At NRF, Zebra will also introduce its new WS50 powered by Workcloud, the industry’s first wrist and clip wearable enterprise-class Android touch computer. Now driven by Zebra Workcloud Communication and Workcloud Task Management, the WS50 also features Voice AI Assistant which better connects retail associates – including those previously disconnected – enabling them to focus on customers and tasks. Zebra Device Tracker is now offered for the WS50, ensuring a device can be located whether it is on or off, minimizing the time and cost of lost devices and driving productivity for retailers.
Elevate the Customer Experience to Build Loyalty
According to Zebra’s recent shopper study,
Zebra’s next-gen MP72 Series multi-plane scanner has vision-based software and an enhanced color camera that recognizes produce as it’s scanned. The new MP72 saves consumers time from guessing items or requiring help, simultaneously minimizing fraud and shrink risks for retailers.
The new generation PS30 Personal Shopper enables retailers to provide a transformative, low-friction and personalized in-store shopping experience. Its enhanced location sensor data enables retailers to send consumers personalized offers and provide retailers with shopper insights which can be leveraged to improve store operations. The PS30 supports tap-to-pay, allowing shoppers to complete a purchase right from the cart.
Also on display at NRF will be Zebra Pay™, the industry’s first integrated, enterprise-grade, SPoC-based mobile payment solution transforming Zebra mobile computers and tablets into secure payment terminals. It handles mobile payments, reduces dedicated payment terminals and gives consumers a convenient pay-anywhere option, ultimately elevating the customer experience.
Experience Zebra Solutions and The Modern Store
The Modern Store by Zebra is backed by comprehensive services and an ecosystem of over 10,000 partners in 100 countries to provide customized, integrated, retail-ready solutions that deliver desired outcomes to retailers. In fact, Zebra recently introduced a Modern Store partner recognition program as a strategic component of its PartnerConnect Program, recognizing partner expertise and investment in retail solutions aligned with the Modern Store framework.
Join three Zebra customers as they share their Modern Store transformation stories at NRF’s Exhibitor Big Idea Sessions:
- Shaping the Future of Work with Burlington Stores: Sun., Jan. 14 – 11:45 am – 12:15 pm – Expo Level 3, Stage 5
- Estee Lauder’s Strategic AI-Powered Forecasting Transformation: Sun., Jan. 14 – 1–1:30 pm – Expo Level 3, Stage 3
- How Office Depot is Creating a Modern Store Experience: Sun., Jan. 14 – 2–3 pm – Expo Level 3, Stage 3
KEY TAKEAWAYS
- Zebra will introduce new and enhanced solutions at NRF 2024: Retail’s Big Show, advancing The Modern Store by Zebra, its visionary framework designed to help retailers elevate the customer experience, engage associates, and optimize inventory.
- Zebra will exhibit its comprehensive portfolio of retail solutions including its new Workcloud Modeling Studio, PS30 Personal Shopper, Zebra Pay mobile payment solution, MP72 Series multi-plane scanner, WS50 powered by Workcloud, and FXR90 ultra-rugged fixed RFID reader.
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Stop by Booth #3203 at NRF Jan. 14-16, 2024 at the Jacob K. Javits Convention Center in
New York City or visit zebra.com.
ABOUT ZEBRA TECHNOLOGIES
Zebra (NASDAQ: ZBRA) helps organizations monitor, anticipate, and accelerate workflows by empowering their frontline and ensuring that everyone and everything is visible, connected and fully optimized. Our award-winning portfolio spans software to innovations in robotics, machine vision, automation, and digital decisioning, all backed by a +50-year legacy in scanning, track-and-trace and mobile computing solutions. With an ecosystem of 10,000 partners across more than 100 countries, Zebra’s customers include over
ZEBRA and the stylized Zebra head are trademarks of Zebra Technologies Corp., registered in many jurisdictions worldwide. All other trademarks are the property of their respective owners. ©2024 Zebra Technologies Corp. and/or its affiliates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240111967717/en/
Media Contact:
Michael Gilhooly
Zebra Technologies
+1-708-814-5281
michael.gilhooly@zebra.com
Industry Analyst Contact:
Kasia Fahmy
Zebra Technologies
+1-224-306-8654
k.fahmy@zebra.com
Source: Zebra Technologies Corporation
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