Vending Machine Summit In Tokyo Is Ready To Transform The Chinese Vending Machine (VEM) industry

Published Date: Jun 2015

China and Japan, since years have snarled publically over the disputed land, naval brinkmanship and elucidation of their vast history, but for these growing economies in Asia the epoch of vending machine statecraft has dawned. Noted business leaders are expected to attend the much awaited ‘Vending Machine Summit’ in order to discuss a common interest area: vending machine. To be held in Ginza Hotel in Tokyo, the summit is believed to bring together thirty Japanese and Chinese diplomats for the first time in years. Industry experts eyeing the Chinese vending machine (VEM) industry indicate that panorama for automated system sales of instant hairy carbs , noodles and beer among many others would be discusses at the summit , as per the ‘Financial Times’.

Recently Prof Research Reports has added a report titled "Chinese vending machine (VEM) industry." The report takes a closer look at the market share and size, demand and supply, cost/profit, manufacturing technology, opportunities, value chain, and product and production value among many others in the vending machine segment in China. Chairman Wang Bing of the popular Chinese vending machine manufacturer, Ubox said that the next decade would definitely be a “golden period” for several local vending machine segment as demand for convenience and more sophisticated systems grows.

Chairman Kiyoaki Takeda at Japanese Vending Machine Manufacturers’ Association revealed that both the countries have much to acquire from the co-operation. Mr Takeda explained “The Chinese have realised that there is a lot going on behind the operation of a successful vending machine." He added "It is basically a service business: the machines have to be kept clean, well-stocked and have a perfect mechanism. If they take the money and fail to vend just once, then that destroys their image. The Chinese are keen to understand that side of the industry from Japan."

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