1How are players such as Amazon & Google redefining the retail landscape?
Amazon has been redefining the retail landscape since the 1990s, by teaching the world how to shop online. More recently though, both Amazon and Google have made ownership of the last mile a key strategic priority – as seen from the launch of Amazon Prime, AmazonFresh and Google Shopping Express. This is radically changing customer expectations, as ordering online with same day delivery introduces an attractive alternative to going to stores for many.
2Will stores become obsolete?
In some sectors, particularly where digital products have overtaken physical products (e.g. music), it is unsurprising that stores are becoming obsolete. Outside of these spaces though, stores will almost certainly reduce in number and size, but still remain relevant, as customers still want to experience products and need services that stores can offer much more effectively than other channels. That said, individual retailers do need to take steps now to protect themselves from the worst of the store count reduction.
3Have retailers squeezed suppliers as far as they can?
Historically, suppliers have had the upper hand in negotiations, as they have had more data and more resource dedicated to drawing out the insights from the data. Retailers have slowly been turning the tables, and started using more data and insights to squeeze suppliers. However, even after achieving excellence in negotiations there are further opportunities to take cost out by partnering with suppliers. The balance between confrontation and partnership is a difficult one to strike and only a few retailers consistently manage to get there today.
4Given ongoing cost pressures, can retailers afford sustainability initiatives?
The business case for sustainability is fundamentally a long-term one, but sustainability also offers tangible opportunities to drive growth and market success and to reduce costs today. For example, through market share growth from leading own-label sustainable products, or from efficiency savings, such as on reduced packaging, reduced landfill waste, transport improvements and improved energy efficiency.
RT @Welltok: Do your part to protect health data. Join our webinar on October 9! David MacLeod, Chief Information Officer at Welltok, is pa…
L’aventure commence pour Manon, Fanny, Solène, Thomas, Darnel, Koudjiratou, Nicolas, Benjamin, Eva, Shannen, Marie… https://t.co/D5oaMvqYKb
How can organizations implement a robust cyber resilience strategy? Join Partner & #OWCyberRisk Leader Paul Mee &… https://t.co/v35zYQN57Z
RT @OWHealthEditor: #OWHealth's Josh Michelson on charting a path forward to make real advancements in improving #healthcare's Triple Aim v…
RT @CarolinDolata: What a day! Super exciting and lively discussions on new players, business models and the future of retail at today’s @O…
By teaming up with operational #cyberdefense company, Next Peak, we can improve our clients' resilience against glo… https://t.co/aSf22snPAS
We are excited to be at @sibos 2019 next week! Our #OWFinancialServices team will be at the conference all week pre… https://t.co/612486Y8yt
Delays & cancellations cause turbulence for air travelers. "But [congestion] is also beginning to get expensive for… https://t.co/icz3jHohcT
Please welcome @chriscolborn - Senior Partner at our creative consultancy @lippincottbrand - to the main stage of… https://t.co/5jXy5fFwKJ
RT @TheOWForum: Rapid #urbanization & #digitalization puts immense pressure on cities (who house >1/2 global population). What role does #A…