Now you can select everything from iPods to car tires from vending machines. "Vending-industry expert John Barsanti believes unusual vending machines offered by several companies are the future of retail in the U.S. â€" a trend that's already extremely popular in Japan. He's the director of private equity firm Torridon Cos.and a consultant to brands that are evaluating whether to sell high-end merchandise through vending machines." (Ocregister)
Implications - In contemporary society, many consumers are used to having instantaneous access to almost any product. Providing individuals with both a desirable product as well as effortless access will give companies an advantage over leading competitors, as this satisfies two buyer demands.
Future of Vending Machines
iPods and More
Trend Themes
1. Unconventional Vending Machines - Offering high-end merchandise through unconventional vending machines has the potential to disrupt traditional retail and take advantage of buyer demands for instantaneous access to desired products.
2. Instant Access Retail - Providing consumers with both desirable products and effortless access through vending machines has the potential to disrupt traditional brick and mortar retail.
3. Luxury Vending Machines - Vending machines that offer high-end merchandise have the potential to disrupt traditional luxury retail and provide new avenues for companies to sell products.
Industry Implications
1. Retail - Vending machines have the potential to disrupt traditional brick and mortar retail, as they offer a new avenue for companies to provide consumers with instant access to desired products.
2. Luxury Goods - Vending machines that offer high-end merchandise have the potential to disrupt traditional luxury retail and provide new avenues for companies to sell products.
3. Technology - Technological advancements in vending machines have the potential to disrupt traditional retail and offer new avenues for companies to sell products.