Hi-Tech Waves in World of Grocery

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Industry 4.0 technologies are rapidly changing the landscape of retail, transportation, and logistics. Technologies like big data analytics, artificial intelligence (AI), autonomous robots, internet of things (IoT), cloud computing, virtual/augmented reality and others are fueling these transformations. As a result, grocery shopping is at the threshold of incredible metamorphosis.&nbsp;<br>&nbsp;<br>In 2017, when the online retail giant <a href="http://www.latimes.com/business/la-fi-amazon-whole-foods-20180611-story.html" target="_blank">Amazon purchased one of the prominent grocery stores Whole Foods</a> for $13.7 billion, everyone in the grocery industry realized that a new wave of e-grocery has emerged and is going to transform the entire grocery business. Even though e-grocery was not new as existing established players like Walmart and startups like Instacart were already venturing into the online grocery space, the Whole Foods purchase created a new level of awareness of things that are going to come.<br>&nbsp;<br>Today the global grocery industry understands that online retail is the future. Businesses are trying to find their path into this newly discovered land. They are seriously examining solutions on how to engage customers online, optimize inventory and deliver accurately and quickly.