Create Positive Social Impact
2.1 Make Stores More Sustainable
Every year, retail stores waste paper, printing equipment and ink due to the renewal of traditional price tags, and consume energy due to overtime work, including equipment and lights. After using ESL, stores no longer need to use paper price tags, there is no printing equipment and ink loss; employees can also use the ESL system to change the price preset, in a few seconds to complete the adjustment of product price tag information, greatly save energy use, reduce carbon emissions, and improve work efficiency. It makes the store development more sustainable.
2.2 Reduce Carbon Emissions
Traditional paper price tags consume a lot of paper every year. A tree is roughly estimated to weigh one ton (1000 kg). Taking a store with 3,000 price tags as an example, changing prices 52 times a year for 5 years will save 1.56 tons of wood, which is equivalent to 1.56 trees. Number of A4 paper = 3000 x 52 x 5 ÷ 8 = 32,500 sheets Weight of wood = 97,500 × 16 = 15,600,000 grams Assuming a country with 6 million brick-and-mortar retail stores all use ESLs, 9.36 million trees will be cut down in 5 years. Looking at the global market, the environmental value of the widespread use of ESLs is even more self-evident. In addition, we are committed to understanding and reducing our own carbon footprint. Raw materials and components have a significant environmental impact, followed by batteries and energy consumption. We are using our technological development to ensure that ESLs are highly sustainable and have a significantly longer lifespan. We do this by optimizing our component processes. In terms of packaging, the packaging of BOWTZ ESL is made of recyclable and environmentally friendly materials, which also reduces carbon emissions to a certain extent.
2.3 Better Cities And Communities
As the retail industry continues to upgrade and reform, a variety of information technology solutions aimed at improving supply chain efficiency and meeting consumer demand are emerging in this new retail wave. Stores are the core assets of the retail sector and are an important place for consumers to live their daily lives and experience shopping. And stores occupy 1/6 of the jobs in the earth business, it always plays a vital sway. The large-scale use of ESL makes the supermarkets and stores around us more environmentally friendly, so that we can have more sustainable cities and communities.
2.4 Make Employees’ Work More Valuable
The price change of traditional paper price tags requires repetitive work by many employees, making it difficult to reflect the value of their work and leaving little room for improvement. Digitizing store merchandise management through the BOWTZ ESL system will help maintain the brick-and-mortar retail industry's role as one of the world's leading employment providers. ESL technology enables real-time price updates, while synchronizing prices displayed on shelves with online prices and prices on cash registers through system interfacing, ensuring the integrity of store merchandise prices while providing a high level of service to consumers . Retail stores using BOWTZ ESL's automatic price changes, picking alerts, and preset price changes free up employees' hands, they greatly reduce manual errors, and make employees' work more valuable.
2.5 Reducing Food Waste
In the retail industry, food commodities occupy an important proportion and there is food waste. Fruits, vegetables, cooked foods, egg and dairy products, seafood, and other goods that are prone to wastage have more changes in price compared to other goods and require timely promotional activities. BOWTZ provides data analytics to enable more dynamic pricing, promotions, and automated promotions as SKUs approach their shelf life. For items with freshness requirements, it is even possible to achieve price updates several times a day. At the same time, the ESL flashing light feature will positively impact the profitability and environment of the retailer by alerting staff to manage expired items, or items that have passed their shelf life, in a timely manner (e.g., off the shelf, on sale, discounted and emptied, etc.). This will significantly reduce the number of stores handling expired items (nearing food shelf life, which will be automatically promoted, and past shelf life to remind staff to dispose of them in a timely manner). This is an effective solution to prevent food waste and can address the shelf-life management pain points of food retailers. With the help of ESL, the retail industry reduces food waste and loss, and also alleviates the food crisis to a certain extent, which is an environmentally friendly and healthy move.