FudTec’s Post

Innovation meets convenience✨ New dimensions for #canteenvending! With the qnips Vending Unit, vending machines can be digitised easily and efficiently. Instead of having to insert coins, customers can now simply use an app to pay at the machine. The integration works with any type of vending machine with an MDB interface, so there is no need for expensive new purchases to make the move to digital. A great example of an use case that we will be showcasing at the INTERNORGA is an industrial coffee machine that has been technologically upgraded with our qnips vending unit. This innovation allows users to #pay for their coffee simply by using #NFC (Near Field Communication) or a #QRcode - a solution that offers numerous benefits for both vendors and consumers. Payment at the vending machine is made using #digitalwallet or a #paymentserviceprovider of your choice. This allows employee allowances and loyalty programmes to be integrated into the payment process. Visit us at Internorga booth A2.306 to see this innovative technology in action , enjoy a coffee and learn how the qnips Vending Unit can transform your existing vending machines! #contractcatering #vending #internorga2024 #cateringplatform #digitization

Dining out is big in Thailand – 73% dine out weekly, and 80% are deal seekers! Is your business ready for this growing demand? 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘀𝗼𝗺𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗮𝗻 𝗶𝗺𝗽𝗮𝗰𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗛𝗢𝗥𝗘𝗖𝗔 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆: 🚀 𝑻𝒆𝒄𝒉 & 𝑰𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏: Boost efficiency with digital payment systems, QR codes, and AI-driven kitchen tools. 🌱 𝑺𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚: Reduce costs and environmental impact with energy-efficient kitchen equipment and waste-reducing technologies. 💳 𝑳𝒐𝒚𝒂𝒍𝒕𝒚 𝑷𝒓𝒐𝒈𝒓𝒂𝒎𝒎𝒆𝒔: Enhance customer retention with rewards linked to purchase history through smart POS systems.   𝗧𝗵𝗲 𝗛𝗢𝗥𝗘𝗖𝗔 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝘀 𝗲𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗳𝗮𝘀𝘁—𝘆𝗼𝘂𝗿 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘀𝗵𝗮𝗽𝗲 𝗶𝘁𝘀 𝗳𝘂𝘁𝘂𝗿𝗲. 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝘀𝗵𝗼𝘄𝗰𝗮𝘀𝗲 𝘁𝗵𝗲𝗺 𝗮𝘁 THAIFEX - HOREC Asia?   ❗ 𝗦𝗲𝗰𝘂𝗿𝗲 𝘆𝗼𝘂𝗿 𝘀𝗽𝗼𝘁: https://lnkd.in/gvhVXEZt #THAIFEXHORECAsia2025 #THAIFEXHORECAsia #TogetherForHORECA #THAIFEXHORECAsiaExhibitor

Navigating the Future of Vending with Vendsigns®🔮 As the vending industry continues to evolve, so does the approach to pricing and transparency within vending machines. At Vendsigns®, we're at the forefront of this evolution, empowering our clients with innovative solutions that reflect the changing landscape of vending. For vending operators, striking the right balance between creating an immersive buying experience and ensuring transparency is crucial. As this change unfolds, seeking feedback from consumers can provide valuable insights. Features like QR codes for feedback and digital menus allow operators to engage with their audience and prioritize their needs effectively. Many of our clients are embracing the trend of using draw strips that focus on nutritional value content or product information, rather than displaying pricing. Whilst pricing can always be confirmed when selecting an item, we're curious about your stance on this shift. Are you considering moving towards this new trend of omitting pricing below products? We would love to hear your thoughts on this topic! The trend towards unpriced vending presents both challenges and opportunities for the industry. With Vendsigns® as your partner, you can embrace innovation and foster transparency in your vending operations. Together, we can navigate this shifting landscape and continue to thrive in a dynamic and competitive market.

Exploring Global Trends in the Vending Machine Market✔️ The vending machine market is experiencing diverse trends across various regions: ✔️ USA: A mature market characterized by: 🔹 Technological Innovations: Adoption of new payment systems, including contactless payments and mobile app integration. 🔹 Healthy Eating: Growing demand for healthy snacks and beverages. 🔹 Rental and Servicing: Increasing popularity of vending machine rental services for small and medium-sized businesses. These trends are expected to drive market growth by 6% by 2028. ✔️ Europe: An established market focusing on: 🔹 Omnichannel Strategies: Integration of online and offline channels. 🔹 High-Quality Standards: Stringent requirements for product and service quality. 🔹 Safety and Hygiene: High standards of hygiene and data protection. 🔹 Eco-friendly Initiatives: Growing demand for eco-friendly packaging and waste reduction. The market in Europe is growing due to the integration of new technologies, high-quality standards, and eco-friendly initiatives. ✔️ Latin America: An emerging market with: 🔹 Network Expansion: Increasing number of vending machines in cities and tourist areas. 🔹 Snack and Beverage Popularity: Expanding range of snacks and beverages. 🔹 Accessibility and Simplicity: Development of affordable solutions for placement and servicing. 🔹 Market Growth: Introduction of new retail concepts and services. The Latin American market has significant growth potential due to network expansion and new retail concepts. ✔️ Asia: Rapid growth and innovation driven by: 🔹 Innovative Vending Machines: Implementation of new technologies, interactive screens, and process automation. 🔹 Wide Product Range: Development of new product categories like electronics, clothing, and books. 🔹 Government Initiatives: Support for cashless payments and new vending solutions. 🔹 High Competition: Expansion of vending businesses with new ideas and concepts. Asia is poised for continued rapid development due to innovation, product diversification, and high competition. ✔️ Africa: A developing market with: 🔹 New Opportunities: Growth of vending businesses in urban and tourist zones. 🔹 Mobile Payments: Implementation of mobile payment solutions for better accessibility. 🔹 Supply Solutions: Addressing product delivery issues and ensuring quality. 🔹 Infrastructure Expansion: Development of internet infrastructure and network expansion. The African market is growing thanks to new opportunities for vending machines and mobile payment solutions. These regional trends showcase the dynamic and evolving nature of the global vending machine industry. Was this interesting? Follow our page and stay up-to-date with the latest vending market news!

- 🍊 IJooz's orange juice vending machines have more than doubled in number since 2020 and are now in 32 countries. - 📊 Despite a drop in gross margin, IJooz's revenue and net profits have surged, fueled by global expansion and smart retail solutions. - 🌍 The company is diversifying its orange sources to manage supply challenges caused by reduced global yields. - Want full insights? Subscribe to Tech in Asia to read the entire article.

"From a loyalty perspective, our industry is missing it. It's not all about discounts. How do we start to offer our guests a unique experience that means more to them than just 10 percent or 15 percent off an item?" – Kevin Bentley, MBA, MSIS, CSM, Prosci, Jollibee Group of Companies Our most recent industry panel addressed the challenges of fragmentation in restaurant tech, including consolidating systems, leveraging a unified POS, and prioritizing hospitality. Watch the full panel replay below. https://lnkd.in/eaPJVFBf

𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞: 𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐕𝐞𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 Vending Machine Market size was valued at USD 42.00 Billion in 2023 and the total Market revenue is expected to grow at 8.1 % from 2024 to 2030, reaching nearly USD 72.46 Billion. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐋𝐢𝐧𝐤 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://lnkd.in/d3sknteX The global vending machine market is revolutionizing how we interact with everyday conveniences, offering innovative solutions like contactless payments, face & voice recognition, and IoT-driven functionalities. From dispensing snacks and beverages to providing tailored customer experiences through interactive touchscreens, vending machines are becoming more than just convenience—they’re a tech-forward retail solution. With the rise of disposable income and urbanization, these machines are gaining prominence across corporate offices, hotels 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐊𝐞𝐲 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 Beverage vending machines dominate the market, catering to fast-paced lifestyles while requiring minimal space. However, food vending machines are projected to witness the highest CAGR of 8.1% from 2024 to 2030, fueled by growing consumer preference for ready-to-eat meals. As coffee shops, restaurants, and shopping centers expand, the demand for automated vending solutions continues to grow, redefining convenience in hospitality and retail. 𝐓𝐞𝐜𝐡-𝐃𝐫𝐢𝐯𝐞𝐧 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐢𝐧 𝐑𝐞𝐭𝐚𝐢𝐥 The adoption of cashless and contactless payment systems is driving significant growth in the industry. Advanced technologies like NFC, telemetry, and voice recognition enhance user experience while boosting efficiency. Vending machines are evolving into interactive platforms for marketing and customer engagement, showcasing the potential for higher revenue generation through smart, tech-integrated solutions. 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 & 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬 North America leads the market, capturing over 30.7% of the global revenue in 2023, thanks to its widespread adoption of self-service technologies. The Asia-Pacific region is quickly catching up, with expanding retail and food & beverage sectors fueling growth. As the market diversifies, strategic investments in automatic vending machine spaces—airports, hospitals, and malls—will continue to shape the future of this dynamic industry. 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: Azkoyen Group Cantaloupe Inc Westomatic Vending Services Ltd Royal Vendors Inc. #VendingMachineMarket #SmartRetail #IoT #CashlessPayments #ConvenienceRevolution #FoodTech #RetailInnovation #SelfServiceTech #SmartVending #GlobalMarketTrends

🍬📊 Let's explore intriguing vending machine statistics! Dive into data on the global vending machine market, popular vending products, and technological advancements in vending machines. Uncover insights into the impact of vending machines on retail, convenience, and consumer behavior. Join the conversation on smart vending machines, contactless payments, and sustainability in vending practices. Let's delve into the world of vending machine statistics and the evolving landscape of automated retail solutions shaping the future of convenience shopping. 🍬 Global vending machine market, popular products, and technological advancements 🍬 Impact of vending machines on retail, convenience, and consumer behavior 🍬 Smart vending machines, contactless payments, and sustainability in vending practices 🍬 Evolving landscape of automated retail solutions shaping convenience shopping #VendingMachine #RetailTech #Convenience #AutomatedRetail #VendingIndustry #ConsumerBehavior #RetailInnovation #SmartTechnology #ContactlessPayments #Sustainability #RetailTrends #ConvenienceShopping #TechInnovations #RetailAnalytics #DigitalTransformation #FutureOfRetail

If there's one thing to alter an outdated perception of vending, it's "digital vending", widely available across the vast majority of equipment in 2024. Read our latest blog post to learn more about what digital vending is, and how it can benefit both the user and your wider business. From personalising your morning coffee to helping to deliver the reliable vending service your business signed up for, digital vending is very much smart vending! https://loom.ly/fgVNgRE #DigitalVending #SmartVending #Vending #VendingService #EmployeeBenefits #CoffeeBreak

 𝟮𝟬𝟮𝟰 𝗠𝗶𝗰𝗿𝗼𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗧𝗿𝗲𝗻𝗱𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 🔵🔴🟢 𝘐𝘯𝘵𝘦𝘳𝘦𝘴𝘵𝘪𝘯𝘨 𝘩𝘪𝘨𝘩𝘭𝘪𝘨𝘩𝘵𝘴 𝘧𝘳𝘰𝘮 𝘵𝘩𝘪𝘴 𝘳𝘦𝘱𝘰𝘳𝘵: 🔰 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 (Vending Machines) Consumer spending at food & beverage vending machines surged to $3 billion in 2023, marking a 23% increase from the previous year, indicating a strong recovery and growth trajectory post-COVID. 🔰 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐨𝐟 𝐂𝐚𝐬𝐡𝐥𝐞𝐬𝐬 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 Cashless payments constituted 69% of all sales at food & beverage vending machines in 2023, with a 29% increase over 2022. Contactless payments alone accounted for 65% of cashless sales. 🔰 𝐇𝐢𝐠𝐡𝐞𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐂𝐚𝐬𝐡𝐥𝐞𝐬𝐬 𝐌𝐞𝐭𝐡𝐨𝐝𝐬 The average cashless ticket size at vending machines was $2.26, almost 55% higher than the $1.46 average for cash transactions, suggesting that cashless users are less price-sensitive. 🔰 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐕𝐞𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒 It is predicted that total sales at vending machines will grow by 18%, and the share of cashless transactions will increase by 15%, with contactless payments expected to grow by 17%. 🔰 𝐌𝐢𝐜𝐫𝐨 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 Micro markets saw a 36% increase in locations and generated over $756 million in sales in 2023, highlighting significant segment growth within the self-service retail space. 🔰 𝐂𝐚𝐬𝐡𝐥𝐞𝐬𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐌𝐢𝐜𝐫𝐨 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 A staggering 96% of transactions in micro markets were cashless in 2023, showcasing a strong preference for non-cash payment methods in these settings. 🔰 𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐓𝐢𝐜𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐂𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧 The average ticket size in micro markets was $3.07, which is 53% higher than the $2.01 average in vending machines, reflecting a greater variety of higher-priced items available. 🔰 𝐆𝐚𝐦𝐢𝐧𝐠 𝐚𝐧𝐝 𝐀𝐦𝐮𝐬𝐞𝐦𝐞𝐧𝐭 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 Consumer spending on gaming and amusement machines exceeded $100 million in 2023, up 17% from the previous year. 🔰 𝐀𝐦𝐮𝐬𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐆𝐚𝐦𝐢𝐧𝐠 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 Despite a decrease in the percentage of cashless transactions at amusement machines to 20% in 2023 from 33% in 2022, cashless payments still constituted 63% of the total sales volume. 🔰 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐀𝐦𝐮𝐬𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐆𝐚𝐦𝐢𝐧𝐠 Sales are expected to grow by 19% in 2024, with cashless transaction volumes anticipated to increase by 17%. The average cashless ticket size is projected to slightly increase to $6.18. #Payments #Micropayments #CashlessFuture #VendingMachine #MicroMarkets #ContactlessPayments #DigitalPayments #RetailInnovation #ConsumerTrends #PaymentSolutions #Fintech #CashlessVending #AmusementGaming #TechInRetail #PaymentTechnology #RetailTrends #MobileWallets #SelfService #TamLQ #DigitalTransformation