Customer feedback is a direct line to your consumer base, giving you insights into their preferences, complaints, and even potential new ideas for your product offerings. Failing to listen to customer feedback means missing out on an essential aspect of market research that could otherwise drive your business to new heights.
Britvic has announced the introduction of its Aqua Libra filtered water tap innovation to the UK vending market. This move offers vending operators a new product choice, complementing their existing coffee machine businesses. The Aqua Libra taps, designed for various environments including workplaces and hospitality venues, dispense ambient, chilled, sparkling, and boiling water. These taps...
Sodexo, a global provider of food, facilities, and health services, has partnered with Bear Robotics, a Silicon Valley company specializing in indoor self-driving service robots, to enhance patient care and staff support in healthcare facilities. This collaboration aims to leverage robotic technology to navigate complex indoor environments efficiently and reliably. Molly Matthews, CEO of Sodexo...
Kepak has launched a pioneering automated retail solution in the UK, the Hot Vend Kiosk, designed to enhance the out-of-home (OOH) channel. This unique vending machine, exclusive to Kepak, dispenses hot Cook-in-Box range burgers, including Cheese Melt, Breakfast Muffin, and Peri Peri Chicken, in just 80 seconds. With a capacity of 52 items, the Hot...
So, you're ready to take your vending machine business to the next level? Expanding your vending machine fleet requires more than just the initial capital investment. It’s a move that involves strategic planning, market analysis, and, most importantly, financing.
Enrique Tomás, the world’s largest ham chain, has introduced a new digital signage platform in its innovative vending machines at Barcelona Airport. These machines, totaling 30 in the first phase, are strategically placed throughout the airport and operate 24/7, offering a variety of products including different types of Iberian ham, sandwiches, snacks, and the brand’s...
Landing the spot is just the beginning of your business journey; maintaining a healthy relationship with your location owners is vital to long-term success. Let’s look at practical tips and strategies to enhance your relations with these invaluable partners.
If you're in the vending machine business or considering stepping into this highly competitive but lucrative industry, understanding product costs and profit margins should be one of your first steps.
While factors like costs, competitors' prices, and profit margins are crucial, understanding the psychological drivers behind consumer behavior can give you an edge.
Consistent stock levels don't just happen by chance; they are the result of careful planning, tracking, and replenishment strategies. Reliable inventory management can improve cash flow, reduce holding costs, and increase customer satisfaction.
