Instacart Gives Merchants and Brands New Views of Store Shelves
Instacart has unveiled software designed to let grocers and brands digitally view store shelves in real time. The new solutions, announced Monday (Sept. 21), will “map the entire store down to individual products on shelves,” letting grocers and consumer packaged goods (CPG) brands virtually comb through aisles, understand what’s taking place and act in real […] The post Instacart Gives Merchants…
Instacart has introduced innovative software that enables grocers and brands to monitor store shelves in real-time, according to a news release. The new solutions provide a detailed mapping of the entire store, down to individual products on shelves, allowing businesses to virtually explore aisles, understand ongoing activities, and respond promptly.
Ryan Hamburger, Instacart's chief commercial officer, highlighted the complexity of grocery stores, which house tens of thousands of items and have constantly changing floor layouts due to customer shopping, brand restocking, and associates rearranging displays. Traditional inventory systems often rely on estimates and periodic counts, leading to incomplete information about what's actually happening on shelves.
Instacart aims to address this issue by transforming the vast amount of data generated daily into real-time intelligence for physical stores. The company leverages data from around 600,000 shoppers who visit North American stores an average of 15 times each, producing over 10 million unique data points daily. This enables Instacart to provide retailers and consumer packaged goods (CPG) brands with a real-time view of inventory, demand fluctuations, and the impact of in-store merchandising on sales.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
