According to NAMA there are over 5.5 million vending machines and 43,500 micro markets in America today. The Micro Market is an unmanned convenience store that has taken over the vending industry. Offices and Factories today have taken the micro market concept readily leading to numbers reaching close to 50,000 (in the near future) in America.
The Vending Operator can be responsible for the distribution of products for the Micro Market, Vending Area, Cafeteria, Coffee Kiosk, Office and Coffee Service Area, Employee Snacks and more.
As of 2023, the global vending machine industry has experienced notable growth and diversification. In the United States, there are approximately 3 million vending machines, each generating an average monthly revenue of $525. This positions the industry as a significant contributor to the economy, with a valuation of $18.2 billion. Technological advancements have led to the emergence of innovative vending solutions. For instance, reverse vending machines are gaining traction by allowing consumers to return used beverage containers for recycling, thereby promoting environmental sustainability. Vending machines now dispense items such as fresh seafood, beauty products, and even emergency contraception, showcasing the sector's responsiveness to diverse consumer needs.
Micro Markets are a retail sector, closely tied to the vending machine industry, that utilizes automated self-checkout technology to operate in locations that require unattended payment capability. Grab-and-go Micro Markets are unattended retail environments where consumers can purchase products from open shelves, coolers, or freezers. Consumers use a self-checkout kiosk to purchase their products, or advanced AI technology that is leveraged to facilitate a seamless experience, as with Amazon Go. They are a hybrid form of vending, foodservice, coffee service, and convenience stores that provide an improved customer experience, exponentially greater product variety, and increased sales within a single location, while keeping labor costs down and increasing operational efficiencies. Given the market sector in which Micro Markets exist, the National Automatic Merchandising Association (NAMA) “recognize[s] [Micro Markets] as one of its focus channels along with vending, foodservice and refreshment services". The COVID-19 pandemic is expected to drive innovation in the self-checkout model as vendors are looking for ways to provide safe, touchless, and easy-to-use self-checkout solutions to protect both employees and customers.
Numerous options for vending machine types (snacks, coffee, beverages, OTC. sundries, office supplies, electronics)
Design, build and supply options for Micro Markets (including the POS systems) with supply options – snacks, beverages, foods and more
Design, build and supply options for Office Coffee Services Programs –with full regular and organic options, creamers and more
Employee snack programs with chips, bars, cookies, crackers, cheeses, nuts, nut butters, trail mixes, granolas, organic, natural, gluten-free
Design, build and supply options for Hotel Pantries (including the POS systems) with supply options – snacks, beverages, foods and more
Food Service Providers: We educate brands about companies such as Compass (Foodbuy), Sodexo, Aramark, Delaware North and many others provide a very important service in being the operators of a cafeteria, retail area and possibly vending.
www.FoodServiceProviders.org
The Innovation Business Group was created to help start-up and emerging consumer brands understand the diversity of retail, food service, hospitality, medical and institutional channels that are out there to do business with.
* IBG is helping start-up and emerging brands with their sales and marketing efforts in relation to medical, wellness and nutrition formats.
The Innovation Business Group (IBG) is an extension of the Contract Manufacturing Alliance (www.ContractMFG.org) which helps consumer brands (of all-sizes) with their contract manufacturing search and relationship needs. Our roster of contract manufacturers, co-packers and packagers is over 43,000.
The Contract Manufacturing Alliance (Contract Manufacturers, Pilot Plants, Private Labelers, Commercial Kitchens, Food Innovation Centers and More) Was Created to Be the Key Resource For Anything to Do With Manufacturing Consumer Products (For Start-up and Emerging Brands).
Established in 1992, the Contract Packaging Association (CPA) is the national, non-profit trade organization dedicated to promoting the growth and welfare of firms in the Contract Packaging / Manufacturing industry and related businesses. We offer exposure and programs designed to foster growth within our member firms.
The Co-Packing Network is a comprehensive national Consumer Packaged Goods (CPG) advisory group deeply rooted in the diverse US and Canadian consumer product manufacturing industries. Celebrating our 100-year anniversary, our expansive history spans supermarkets, wholesaling, manufacturing, owning brands, and beyond.
The CPA's Request for Quote (RFQ) tool allows an automated submission to CPA Members to securely submit their project details and needs. Your Request for Quote will be dispatched to CPA Members whose capabilities match your project needs, and if they can assist you, will contact you directly about their services and capabilities.
The team manages the request all-the-way through to end up with successful results. We also can become a project manager to manage the whole process (search, secure and work with one or more contract manufacturers).
The Contract Manufacturing Alliance’s founders have created an incubation program specific to the clients of commercial kitchens nationwide (also kitchen incubators, food innovation centers and others).
Our family has been involved within the consumer product industry (US based manufacturing, retailing, distribution) since the early 1920’s. From the first generation to the latest, our best practices have been handed down over time leading to a long legacy of successes in the business (manufacturing, retailing, distribution and more).
