Consumer Behavior Drives Hyosung Innovue’s ATM Product Launch for Summer 2023
Summer 2023 is here, and the retail industry looks to the experts for new trends and ATM product launches and trends to drive innovation for the remainder of the year and beyond. Retail, cash management, and ATM sectors are undergoing significant transformations driven by evolving consumer behaviors and technological advancements. These changes are shaping the needs of consumers and stores for the foreseeable future. A recent report indicates that while ATM withdrawals have decreased by 10% annually, the amount withdrawn per transaction has increased by 25% over the past three years.
What does this mean for the retail industry? And how will Hyosung Innovue’s Summer 2023 ATM product launch address these shifts?
Host Daniel J Litwin, the Voice of B2B, brought Brad Nolan, EVP, and Chief Marketing Officer at Hyosung Innovue onto Retail Experiences Elevated to find out what Hyosung has in store for retail this summer. Litwin and Nolan touched on the major retail trends shaping consumer and store needs for summer 2023 and beyond and how Hyosung Innovue’s next big retail product launch aligns with these trends.
Litwin and Nolan cover the following:
- The impact of interest rates and the cost of cash on the retail ATM industry
- The evolution of consumer behavior toward ATM usage and cash management
- The role of technology, particularly cash recycling, in shaping the future of ATMs
Brad Nolan, a seasoned executive in the retail industry, brings a wealth of knowledge and experience to the table. With a background in marketing and a proven track record at Hyosung Innovue, Nolan is well-equipped to provide insightful commentary on the retail industry’s current trends and future trajectories. His insights will undoubtedly shed light on the strategic direction of Hyosung Innovue’s upcoming ATM product launch, making this episode a must-listen for anyone interested in the future of retail.