{"id":19062,"date":"2021-08-20T12:11:45","date_gmt":"2021-08-20T16:11:45","guid":{"rendered":"http:\/\/www.evopayments.us\/staging\/?p=19062"},"modified":"2021-12-10T10:18:55","modified_gmt":"2021-12-10T15:18:55","slug":"vending-has-been-experiencing-a-lot-of-change-in-recent-years","status":"publish","type":"post","link":"https:\/\/www.evopayments.us\/staging\/vending-has-been-experiencing-a-lot-of-change-in-recent-years\/","title":{"rendered":"Vertical-Specific Vending Reflects Broader Trends"},"content":{"rendered":"\n

Vending has been experiencing a lot of change in recent years. One part of this is the ongoing evolution
of technology, and another is consumers\u2019 increasing comfort with mobile phones and other
cashless payments. According to a report by Technavio, the global vending machine market is expected
to have a $12.45 billion growth between 2018 and 2023, with 40% of that growth coming from the
Americas.1<\/sup><\/p>\n\n\n\n

Take a look at ways two companies have incorporated multi-industry trends into their highly vertical-specific vending machines, as well as some other features they bring to the table.<\/p>\n\n\n\n

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W\u00fcrth Industry<\/h2>\n\n\n\n

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Their vertical-specific workplace vending<\/strong> distributes operating supplies<\/strong> to improve efficiency <\/strong>and reduce costs<\/strong>.<\/p>\n\n\n\n

W\u00fcrth (founded in Germany in 1945) is a world leader in fasteners, tools, and other construction supplies. So how are they relevant? W\u00fcrth is interesting because they\u2019re a unique example of vertical-specific vending machines<\/strong>\u2014and a high-volume example, at that. These types of machines are becoming more popular because they automate the process of distributing workers\u2019 tools and supplies.
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W\u00fcrth offers \u201ca comprehensive vending machine concept [for] operating supplies<\/strong>, from their supply and storage, to provision, to fully automated replenishment.\u201d[2]<\/sup><\/a><\/p>\n\n\n\n

Systems for distributing work materials used to boil down to two options<\/strong>: a) tie up staff time, or b) hope no one takes more than their share of unattended items. Because workers cannot access more<\/em> than their allotted amount\u2014and because items can\u2019t \u201cwalk away\u201d\u2014these machines create a cost savings<\/strong>. So if, for example, a particular employee is being wasteful, their usage can be tracked and addressed.<\/p>\n\n\n\n

Vertical-specific workplace machines are gaining momentum in many industries<\/strong>: you won\u2019t just see hammers, nails, and power tools, but standard office\/school supplies, medical supplies, and even electronics. IT workers can scan their badges at machines to receive new USB disks, cords, or even keyboards. During the pandemic, many workplaces added machines that distribute personal protective equipment.<\/p>\n\n\n\n

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TOMRA Reverse Vending<\/h2>\n\n\n\n

Who would expect a bottle recycling machine to be fully up-to-date<\/strong> with users\u2019 trendy digital interface<\/strong>expectations?<\/strong><\/p>\n\n\n\n

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Residents of states with bottle and can deposits are likely familiar with reverse vending machines (RVM)<\/strong>. Instead of receiving items, people insert their used items<\/strong> in exchange for money (or, at least, good karma). <\/p>\n\n\n\n

TOMRA is the world\u2019s largest RVM provider. They offers updates specific to their vertical, like multi-feed input (i.e., pouring containers from a bag instead of one-at-a-time insertion).

But we\u2019re more interested in the fact that TOMRA is staying current with multi-industry digital trends <\/strong>and consumer interface expectations<\/strong>.<\/p>\n\n\n\n