retail vision 2025: thoughts on the future "store"
TRANSCRIPT
Retail Vision 2025: Thoughts On The Future "Store"
PresenterEbony T. Grimsley
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This training program will provide you the tools to put in place to help you succeed now and in the future in your retail business.
Today’s Commerce is Not Yesterday’s
•Stock the product•Sell the product•Maybe deliver the
product
Retail is not just about stocking a product and selling it.Retailers must:
• Engage shoppers.• Utilize existing data points
and create new ones.• Automate processes for a
custom experience.• Make the buying process
convenient.• Create a cost efficient road map.
Benchmarking Your Organization to Key Retail Projections• By 2025 it has been estimated that e-commerce will
represent 30% of all retail sales and account from 2.7 trillion in total sales (Source: Dematic-Newmark Grubb Knight Frank)▫ Evaluate your current e-commerce strategy from purchasing
to shipping and returns.
• The market share of traditional retailers to drop from 71% of retail food sales to 62% by 2025, according to a new report from Technomic. (Source: Supermarket News)▫ Plan for keeping fresh products, but on-demand
Where to Look for Trends on the Economy and Spending for Benchmarking•Federal Government
▫Congressional Budget Office•Big Data Marketers and Analysts
▫Deloitte•Trade Associations
▫National Retail Federation•Consultant firms
To see the complete presentation check the below link:
https://www.audiosolutionz.com/cpg-retail/future-of-retail-2025.html