EcoSmart Retail

Objective

• Our device aims to revolutionize sustainability in retail by reducing waste, conserving energy, and promoting eco-friendly practices.
• Address key environmental challenges, it empowers retailers to operate more efficiently while minimizing their carbon footprint.
• Our goal is to seamlessly integrate sustainable technology into retail operations, driving a greener future for businesses and the planet

Research

Paper waste from receipts

• Traditional receipt systems rely heavily on paper, resulting in deforestation and waste accumulation, especially in high-volume retail environments.
• An estimated 3 trillion paper receipts are printed annually worldwide.
• The typical lifespan of a receipt is around 30 days on average.
• This results in a massive and unnecessary use of natural resources.

Excess inventory waste

• Retailers face challenges with overstocking, leading to unsold products being discarded, contributing to significant waste and environmental harm.
• Consumers negatively react to out-of-stock issues, leading retailers to overstock to avoid complaints.
• Frequent markdowns also contribute to overstocking, making the problem worse.

Excessive Energy Consumption in Retail Lighting

• Continuous lighting in retail spaces, regardless of activity, leads to unnecessary energy consumption and increased operational costs

Project

• Smart Inventory Management - Using M5Stack and TOF unit to prevent overstocking by tracking stock levels in real time, reducing waste from unsold products and promoting efficient resource use.
• Smart Inventory Management - Using M5Stack and PIR sensor to utilizes motion detection to adjust lighting based on activity, minimizing unnecessary energy consumption and lowering environmental impact.
• Paperless E-Receipts - Using M5Stack and RFID unit to generates digital receipts through a simple card tap, eliminating the need for paper receipts and reducing waste associated with traditional retail transactions.