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ForeSights: Fast-Food Robots

ForeSights: Fast-Food Robots

  • June 2017
  • 18 pages
  • ID: 4959850
In this report:
This is particularly acute in the US, with fastfood workers demanding the minimum wage to rise from $##.## to $## an hour but will also affect other countries, like India and China, as living standards increase, which in turn will force wages to rise as well.
Momentum Machines is expected to open a burger restaurant in San Francisco's South Market neighborhood in 2017 with its burger machine being the only cook in the kitchen.

Summary

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ForeSights: Fast-Food Robots

Brief

"ForeSights: Fast-Food Robots" explores the developing concept of automations, robots, and AI in the fast-food industry. The market research also considers the different actors involved and the impact of the trend in the FMCG and wider foodservice sector. The conclusions reached are underpinned by GlobalData's singular blend of proprietary consumer insight and innovation knowledge.

Automation, robotics, and AI developments in new years is increasingly prevalent in the modern world as costs, including imports, raw materials, wages, taxes, and business rates, continue to rise globally for all companies. This financial pressure is forcing foodservice operators, especially low-cost fast-food outlets that have low profit margins, to invest in robotics and automation to streamline their services in the long term. These additional robot chefs will have a massive impact on the social and economic landscape in the foodservice and FMCG markets as human labor is replaced with thinking machines.

Overview

- 75.0 percent of overall consumers believe that technology and improved access to information is having a positive effect in their country.

- 40.0 percent of US consumers are not confident in their job security over the next 12 months.

- 60.0 percent of overall consumers completely or somewhat agree that they rely heavily on time-saving products and services, such as fast-food outlets.

Great reasons to purchase

- Offers an early warning system for emerging trends, segment risks, and alternatives in fast-moving consumer goods.

- Drives analysis of plausible future consumer behavior.

- Generates ideas and inspiration for additional product development.

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