INNOVATION AT YOUR FINGERTIPS
Updated: 06/2018
Citybox
China / Shanghai , China
Pitch
Citybox, a smart vending machine startup, collects and analyzes big data to help retailers know which food and drink items sell best, and where.
Why
Increasing costs
As the cost of labor and rent increases, the demand for unmanned retail rises.
New Retail boosts efficiency
New Retail, which provides more precise data, could increase sales and supply chain efficiency.
Market
$12 billion
The global intelligent vending machine market is forecast to be worth US$12 billion by 2025.
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