Science of the Time
  • About Us
  • Futurists Club
  • Cool Hunt
  • Services
  • Contact
Login
 
 
Forgot Password
Home
About Us
Services
Insights
Contact
2K
0
0
247
Science of the Time
Science of the Time Science of the Time
  • About Us
  • Futurists Club
  • Cool Hunt
  • Services
  • Contact
  • COOL BUSINESSES
  • Millennials
  • STARTER
  • Technology

AFTER STORES GO DARK, THEY CACHE GOODS

  • April 28, 2022
  • Daniel Iturralde
Total
0
Shares
0
0
0
0
0
0
0
0
0

What is it?

Nowadays, technology has taken over our daily routines. Smartphones, tablets, smartwatches, among other devices, are the basic tools for achieving everyday tasks. Calls have been replaced by texts, get-togethers swapped by group video calls, and dining out substituted by food delivery apps.

The restaurant/food industry has witnessed this evolution firsthand. Delivery apps such as UberEATS, Glovo, Doordash, Rappi, among others, have reshaped the way they operate. Moreover, dark kitchens have been paving a solid structure for the last couple of years. Dark (also referred as cloud or ghost) kitchens are essentially digital-only restaurants, where there is a physical space for food preparation based on online orders but no place to consume it. Food is only prepared for delivery. These restaurants are characterized by much lower employee and overhead costs.

Within this digital commerce trend, two former Doordash employees -Jimmy Young and Christopher Wu- came up with a new idea: Cache, Automated Dark Stores. Caches are tiny dark convenience stores designed to fulfill online orders and connect to delivery platforms. These small-scale stores, that look like a glassless vending machine, can be located in designated strategic areas, and will only be accessed by delivery platforms’ partners.

Caches are quite simple to use. You get into company’s website/app or a delivery platform and place the order for the desired product. The order is processed and assigned to a delivery driver. This individual will pick-up the order from the Cache unit machine and bring to your doorstep or chosen location. No major physical infrastructure, limited personnel, and unlimited hours of operation, Cache provides it all.

Why it’s cool?

Although Cache is at its earliest stages, several current features make it outstanding:

  • Sell products anytime, anywhere without a manned store (minimal sales labor and “rent” cost)
  • Millennials oriented — all digital, no contact
  • Deliver on demand — faster service at lower costs
  • Allows to inexpensively test markets
  • Its platform can handle restocking, inventory, logistics in general
  • Lower operational and capital expense

Why it has future growth potential?

Cache, as an out-of-the-box idea, has been carefully moving forward to partner with different industries or products that could best utilize its unit. Currently, Cache is operating two first-party stores live: one with OTC (over the counter) medicine and snacks in Sausalito, CA, and the other is an ice-cream unit in San Francisco, CA.

In addition to convenience stores, the cache establishments could definitely be used to store and sell prepackaged food like sandwiches, pastries or sushi, and also frozen goods such as burritos, pizzas, among others. Another idea would be to use them to sell alcoholic beverages, for last minute invites or hosting unexpected guests, given they are able to comply with age restrictions. Caches can also be utilized for toys or games that are needed when getting to the store is just not possible due to traffic or schedules.

Above all potential uses mentioned above, Caches can be an innovative tool for companies that want to introduce their products in new areas. At a much lower cost these businesses can make a decision to expand and decide when the time is right. For more information, visit www.grabcache.com.

Rate & Review Cancel reply

Social login is a form of single sign-on using existing information from your social networking service such as Facebook, TikTok or Google, to sign into our website instead of creating a new login account specifically for our website.

Use your preferred Social Login network or LOGIN to Comment, Rate and Review.

Continue with Facebook
Continue with Google
Continue with Twitter
Continue with Microsoft
Continue with LinkedIn
Thanks for submitting your comment!
Average User Rating:
2.8
3votes
5
25%
4
25%
3
25%
2
0%
1
0%
0
25%

Support Us

We have an ad-free website, a load of content, and an infinite amount of love for everyone who supports Science of the Time.

So be a boss and join the Science of the Time Fanclub. Choose the 5,- euro per month option, the 50,- euro per year option or enter an amount yourself that you would like to pay to support us (Pay What You Want).

We have an ad-free website, a load of content, and an infinite amount of love for everyone who supports Science of the Time. So be a boss and join the Science of the Time Fanclub. Choose the 5,- euro per month option, the 50,- euro per year option or enter an amount yourself that you would like to pay to support us (Pay What You Want).
FANCLUB PAY-WHAT-YOU-WANT (ONE-TIME FEE)
€
FANCLUB (MONTHLY)
Monthly Payment € -
FANCLUB (YEARLY)
Yearly Payment € -
    Showing 4 reviews
  1. Elie Daccache April 28, 2022, 10:43

    How cool is this "Seed"?

    Does it have future growth potential?

    Cool to see a ‘supportive’ business who’s purpose is to boost the other digital delivery apps!
    0

    0

    You have already voted!

    Log in to Reply
  2. Rahim Ennassiri May 16, 2022, 12:54

    How cool is this "Seed"?

    Does it have future growth potential?

    I don’t understand this concept? Dark stores are familiar to me, they store groceries and multiple places so the can increase the delivery time. is it like gorillas in the Netherlands?
    0

    0

    You have already voted!

    Log in to Reply
  3. Carl Rohde May 17, 2022, 09:40

    How cool is this "Seed"?

    Does it have future growth potential?

    Wow, Daniel. Thanks for this. For sure, part of the future. Effective, efficient, full of economic growth potential. and very much: younger generations, as well. (The older one will follow.) Good quality, my friend. Thanks!
    0

    0

    You have already voted!

    Log in to Reply
  4. Carl Rohde May 17, 2022, 09:42

    Wow, Daniel. Thanks for this. For sure, part of the future. Effective, efficient, full of economic growth potential. and very much: younger generations, as well. (The older one will follow.) Good quality, my friend. Thanks!
    Sexy, catchy, sticky title as well.
    0

    0

    You have already voted!

    Log in to Reply
Tags
AI (20) art (19) Artificial Intelligence (12) Big Data (8) climate change (8) collaboration (8) connectivity (7) Coolhunting (11) covid-19 (39) Covid-19 Impact (12) Covid-19 Influences (9) culture (13) design (14) Digitalization (9) digital marketing (7) Diversity (8) education (8) Emotional Intelligence (12) Engagement (8) environment (15) experience (15) fashion (12) food (22) Food experience (8) food industry (11) Food Innovation (10) future (11) health (25) Hospitality (29) hospitality industry (10) innovation (37) Lifestyle (9) lockdown (9) Millennials (38) Millennials/Generation Z (10) Pandemic (12) recycling (7) social media (23) sustainability (28) Technology (52) the future of work (8) tourism (11) travel (9) trends (39) work (10)
Recent Posts
  • Destiny drinking
  • I sea your mood
  • Minus all the noise
  • Smart Tattoo For Future
  • AnatoME