1. News
May 5, 2020

Walmart introduces AI-powered self-service fresh produce scales in China

Multinational retail corporation Walmart has launched self-service fresh produce scales across many of its stores in China.

Multinational retail corporation Walmart has launched self-service fresh produce scales across many of its stores in China.

Free Whitepaper
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What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

Known as RetailAI, the artificial intelligence (AI) powered self-service scale solution features advanced product recognition capability.

The solution has been developed by graphic software development company Malong Technologies.

It helps in offering customers a significantly faster checkout experience and addresses the demand for self-service shopping.

Upon placing the bagged items on the scale, RetailAI Fresh is capable of identifying the product.

RetailAI is the result of the Walmart Omega 8 Innovation Platform.

Malong Technologies co-founder and CEO Matt Scott said: “Through Walmart ‘s Omega 8 platform, we have the opportunity to dive deep into the retail industry.

“Our partnership allows us to make a significant impact by delivering high-value solutions that reduce shrink, create a more positive customer shopping experience, return rapid value back to the business, all while leveraging state of the art and scalable artificial intelligence technology.

“As a technology provider dedicated to helping our customers apply AI product recognition, we focus on the real needs of the industry and are fortunate to work with retail leaders such as Walmart .”

The solution is being rolled out in 100 Walmart stores in China.

In January 2019, Walmart China launched its Omega 8 innovation platform to transform store operations and improving customer experience.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.