The Future Of Retail Could Come In The Form Of A Food Truck

Retailers could soon be rolling up to their customers.

Toyota Motor Corp. is working with partners, including Amazon, to design an autonomous vehicle that would serve as a pop-up shop in the form of a restaurant, retail shop or even donation pickups, MarketWatch reports.

Food Truck

It is no secret that Amazon has caused a massive disruption in the retail sector with its growing dominance of the e-commerce market and acquisitions of large-scale companies such as Whole Foods. This latest initiative could prove to serve other retailers by offering them a more convenient and potentially less expensive method to sell products.

The fully customizable concept, which looks similar in structure to a food truck, is called the e-Palette. In addition to being able to modify the interior and exterior, retailers or restaurateurs will also be able to tailor the self-driving technology that comes with the vehicle.

Once the design has been finalized, the vehicle will come in three sizes with testing on the trucks slated to begin in early 2020 in the U.S.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Blue Owl Reportedly Planning Data Center REIT

HUD Wants To Make It Easier To Bring Private Capital Into Public Housing

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Retailers Charging Ahead With EV Stations Despite Policy Pullback

Suburban Chicago Shopping Center Sells For $122M In Major Retail Deal

U.S. Office Sales Show 31% Year-Over-Year Growth

Data Center Demand Doubles, Fueling New AI Boomtowns

Hall Of Fame Running Back Emmitt Smith Sued Over Failed Texas Solar Project

Becknell Taps JLL IPT Veteran To Boost REIT's Selling Group

American Healthcare REIT On A $1.5B Senior Housing Buying Spree