Currently, retailers are facing many challenges, especially during the pandemic. They are committed to increasing sales volume through pricing changes and promotions, and improving profitability by increasing operational efficiency.
The integration of IoT technology with various industries has led to the emergence of the phenomenal application "electronic shelf label" in the new retail sector. As an intelligent terminal for real-time change of commodity prices and promotional advertisements, BOWTZ ESL opens up a networking interface for each commodity.
In the 1990s, in order to solve the problems of high labor cost, high error rate, high loss rate, low efficiency, high operating cost and non environmental protection of paper labels, people developed an electronic display device – ‘Electronic Shelf Labels’.
In recent years, with the intensification of the competition and the continuous maturity of the retail industry, especially the rising labor costs, more and more retailers have begun to use ESL on a large scale to solve the multiple disadvantages of traditional paper labels, such as difficult to modify information frequently, high labor cost, high error rate, easy to lose, low application efficiency, and increased operating costs. In addition to the significant improvement of operation management, ESL has improved the brand image of retailers to a certain extent.
This summer, hot weather continued to hit the world. since July, many countries in Europe and the United States issued extreme heat weather warnings. At the same time, the hot weather has also brought secondary disasters such as fires and droughts. Obviously, a series of environmental problems brought about by rising temperatures have threatened the survival and development of human beings. Carbon emissions are the main cause of global temperature rise.
In the first half of this year, the second part of SML's State of Retail Insights Report: Better Serving Customers Through Technology reported that 43 percent of retailers believe that increased visibility into inventory levels helps better serve customers and improves the overall customer experience.
According to the United Nations, the carbon footprint of all wasted food worldwide reaches 3.3 billion tons per year, out of a total of 50 billion tons.