Tesco looks to the future

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Tesco has invited inventors with new products, ideas or emerging technologies, which can create a competitive advantage for the retailer and improve the way it serves shoppers, to get in contact.

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The supermarket giant’s newly-established ‘group innovation team’ will be a single point of contact, responsible for quickly evaluating ideas, supporting partners to access Tesco, and helping them to develop and implement their ideas.

Tesco said it will initially focus on four areas that will deliver the biggest impact: food & drink products and technology; data; robotics and automation; and packaging.

Dave Lewis, chief executive, said: “A strong pipeline of innovation is essential in ensuring we can anticipate and respond to our customers’ needs, and we believe there is an opportunity now to welcome even more innovation into our business, and to do it faster.

“Our new group Innovation team will help us to access the most exciting innovators from across the globe. In turn, we can offer those partners a unique opportunity to build and develop their ideas rapidly and at scale, using the benefits of our experience and access to market.”

Tesco is reportedly due to start trialling drones for deliveries from October, with technology that can deliver orders in as little as three minutes.