Investors And Their Vending Machines

by David Jenyns on November 14, 2008

The new automatic vending device removes the ceiling of 99 cents which formerly limited the use of automatic vending machines. This new paper currency changer can be used in every merchandising situation which involves portable merchandise. Even the less romantic segments of the vending machine business are fertile fields for growth.

During the past decade, sales of goods through vending machines increased by 156 percent, or at a compound annual rate of nearly 10 percent. The growth in automatic merchandising has been largely due to the rising cost of labor, which has made machine merchandising the most economical form of distribution. Some contributory factors for this growth include growing public acceptance of the self-service principle, advances in packaging methods and the significant technological advances which have opened immense new markets for the industry.

Especially promising is the growth of meals by machines, which have become the hottest item in the food service industry. The development of the hot platter machine, together with other food vending machines, is ushering in an era of automatic cafeteria.

Stay ahead of the curve by keeping your ear open for new trends in automation, and you just may spot the next big thing.

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