Right now in the world of retail, it’s adapt to survive. Otherwise, retailers are facing probable demise. As shoppers change, shopping trends change, and so must the retail industry. With the rise of e-commerce and mobile and the slow decline of more traditional brick-and-mortar, tensions are running high with retailers as they try to figure out just what the future of the industry will look like.
While there’s no crystal ball to look into as far as predicting the future of retail, we can examine trends in order to try and heed what’s coming next. According to this presentation (below) created by Magnus Ohlsson, founder of Swedish retail management firm MORM and featured on Business Insider, these mega-trends have a broad range, from the financial crisis to social media, and they aren’t just important–they’re operating on a global scale with the power to impact retailers everywhere.
Retailers all over are scrambling to adapt and survive. We've seen the decline of big box and the meteoric rise of e-commerce shake the industry to its core.
But that's not all that has altered the retail landscape.
Magnus Ohlsson, founder of Swedish retail management firm MORM, has posted a presentation about the trends that are changing the retail world on his blog Retailomania.
"Survival is not about surviving the next season," writes Ohlsson in the presentation. "The ability to adapt products, costs, business models and just about everything else is crucial to survival in a global marketplace."
Ohlsson describes a variety of global trends that impact retailers everywhere — from the financial crisis to social media to data tracking.
Click here to see the presentation >
Source: Popai (http://goo.gl/00NLN)
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