This past week had to pleasure of speaking at the Retail Risk Conference in Singapore. The customized presentation was an opportunity to reassess the state of Asia in the global retail economy. A great retail future ahead.
Topic: Retail News
Why this is important: In order to survive and thrive, retailers are transforming to omnichannel. That will require new capabilities from distributors to in order to meet consumer expectations of more product choice and delivery on their terms.
Video is the new medium required to package successful branding. The following are my current favorite future predicting retail technology videos.
For the past five years, Ford has been publishing a list of global micro trends. The company calls it "a compilation of the most compelling movements across the globe that are shaping how we live, work, and engage with the world around us." Here are my favorite highlights.
Both Amazon and Walmart are aggressively changing the rules of retail in the US, as well international markets. For any retailer competing to survive, the one real threat is "death by mediocrity" and lack of differentiation.
As we are in the middle of the paramount shopping season, special focus was on three important retail holidays. Black Friday is Becoming Cyber Monday while substantially being overtaken by Singles Day.
Welcome to a transformational 2017 were the recipe for success will require navigating geopolitical risks, an ever faster new technology pace, new data economy business models, mobile connected savvy consumers, and all of us being able to shop will we drop.
For a transformational 2017, five key ingredients need to be closely monitored and navigated in building a successful global business formula. For now adjust your business sail and confidently cruise through these first three winds of change.