Looking through the modern lens of how mobile technology throughout the retail landscape can enable personalized experiences on an omnichannel basis, SOTI has carried out research among 4,000 consumers in the U.S., UK, Germany and Sweden, to gauge their opinions on these trends and the solutions driving them.
In order to help demystify and simplify the outlook for 2020, ABI Research analysts have identified 35 trends that look set to be influential in the shaping of the market and 19 others that, although attracting huge amounts of speculation and commentary, look likely to be less influential or struggle to impact the market in any way in 2020.
The future retail business model will not be a value chain, but a set of application layers, from curation or digital merchandising to payments to data analytics. Choosing which of these to compete in, and which to partner or outsource, will be at the heart of strategy. Joining them up to complete a flawless customer journey is the key to execution. - From the Retail Exchange UK
Just five ecosystems are responsible for the bulk of the TMT industry’s revenue. The smartphone ecosystem alone is worth well over a trillion dollars per year. The TV ecosystem is worth more than US$600 billion; PC sales and ancillaries (consumer and enterprise) generate yearly revenues of about US$400 billion, enterprise data centers and software (combined) will make about US$660 billion in 2020, and IoT (accelerated by the rollout of 5G) will be worth half a trillion dollars by 2021.
Latest 2020 RIS News Software Leaderboard, a Favorite Annual Report: Top 20 Retail Software Vendors; Top Tier-One & Mid-Size Vendors; Top Vendors in Grocery, Apparel & Specialty; Top Vendors in Customer Satisfaction.
Main Streets Across the World – now in its 31st year – ranks high streets worldwide by their prime rental value. Combining insight on retail trends with a unique global proprietary data set of 448 high street retail rents, Cushman & Wakefield ranks the top shopping streets by their prime rental value. Great set of retail data.
Retail’s digital disruption continues to ripple through the industry, influencing shopper’s opinions and expectations across categories. Though satisfaction is up overall, data shows a disconnect between how retailers and shoppers perceive the shopping experience. Customers have little sympathy for the behind-the-scenes headaches of operating both online and in store retail. - From Zebra Technologies
Opportunities to accelerate growth and “future proof” in the face of a potential recession. With disruption dramatically changing the consumer goods’ landscape, and indicators pointing to a slowdown, consumer products companies today face a new set of strategic issues. - From Deloitte Insights
Global retailing today is defined by paradox. This year’s A.T. Kearney 2019 Global Retail Development Index found that national, regional, and local realities—from Internet connectivity to the availability and cost of labor—continue to shape retail development around the world. That said, economic development and trade policy are still the largest factors in shaping global retail growth.
USA holiday shoppers plan to spend 4% more this year. Consumers say they will spend an average of $1,047.83 this holiday season. Shoppers between the ages of 35 and 44 plan to spend the most at $1,158.63. – From NRF News
Predictions 2020 covers: Artificial intelligence (AI), Automation, B2B marketing, B2C marketing and personalization, Customer experience, Cybersecurity, Data and privacy, Future of work, Regulatory trends, Values-driven consumers, and More.
Retail Winners ascribe higher value to virtually every current IoT capability we put before them: from interacting with customers outside the store to tracking their activities once nearby - all the way into the myriad ways they can improve shoppers’ experiences once within the store’s four walls.
From the World Economic Forum, the top 10 competitive global economies. The global economy is ill-prepared for a downturn after a lost decade for productivity-enhancing measures. Finding a balance between technology integration and human capital investments will be critical to enhancing productivity. Enhancing competitiveness is still key for improving living standards.
For the Fall 2019 Consumer View report, NRF took a look at Generation Z, and found that these young consumers hold significant buying power. Members of Gen Z (born 1995 and later) are still mostly in their teen and pre-teen years, but they’re already exerting influence over household family spending and shopping behavior.
A favorite Trend Hunter Annual Report - Although this report is titled Top 18 Trends for 2020, its implications go much further into the future. Each top trend has been paired to an overarching Megatrend, a broader Insight and a Workshop Question to help you brainstorm for success in the next 3-5 years. Get Ready to Create the Future
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