The US company that has been a leading name in the field, has offered valuable insights on how Electronic Shelf Tags work and the all-around impact they can have on the retail industry.
A study by Markets and Markets revealed that these tags are predicted to grow to $1,425 million by 2023. But what are they, and how do they function to offer the edge to today’s retail businesses? Quite simply, these Digital Tags have the power of automatically updating thousands of displays across multiple channels at the same time. With the help of electronic paper or liquid crystal paper, they can display information on screens.
Thus with a few clicks on a remote server, all the price tags and other displays can be updated at once. It saves stores the hassle of manually changing the displays on a regular basis. Not just prices, with the help of these tags, stores can also update promotional strategies and other information instantly, while saving on the tedious and laborious tasks that can be a huge waste of manpower resources.
Retailers around the world are switching to ESL to harness their benefits and make things easier for themselves. Some of the features and merits of Electronic Shelf Labels include:
Their ability to display all the information retail stores want to. They are versatile and can be a lot more than price tags. They can be the guide for customers in the store.
Now retail stores have the power of changing product prices in real-time. So if there are price fluctuations, stores can do it quickly and remain profitable.
Studies have shown that they can actually be a cost-effective option. That’s because paper labels require ink, printing costs, and not to mention the hours of manpower.
They also enable store staff and associates to be on top of inventory. The insights when products run low on stocks can assure shorter lead times, and lower costs.
These Electronic Shelf Labels are designed to offer customers an omnichannel experience. Stores can maintain a dialogue with their consumers letting them know when stocks are running low or revealing competitor prices for the same product. Items can be ordered through QR codes and customers can also read reviews of products by fellow consumers. Thus they are versatile in their applications and are extremely easy to use as well.
In fact, Electronic Shelf Tags have 5/7 years of battery life, which facilitates heavy use of LEDs. Their customizable design and faster update speeds are just some of the features that make them just perfect for retail stores around the world.
About Electronic Shelf Tags
This US Company was established by a team of engineers with the mission of offering cutting-edge technology for the retail industry. Through research and advancements, it has harnessed the latest technologies to live up to the mission over the years and has consistently offered customers the best solutions for their specific needs.
Electronic Shelf Tags
Address: 1430 S. Dixie Hwy Ste 105 / 1163 Miami, FL 33146
Email: [email protected]
news by: news.38digitalmarket.com