Insights for Retail Business.
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Retailers are expected to focus on convergence and diversification to innovate and differentiate in a competitive market, with technology identified as the top trend for transformation. A significant increase in e-commerce revenues is projected, and utilizing shopper insights effectively can enhance business performance, leading to higher operational margins. Sustainability in supply chains is becoming crucial for brand loyalty, with a forecasted increase in global retail sales by 5.5% to reach $28.3 trillion by 2018.
Insights for Retail Business.
- 1. = RETAIL SOFTWARE SOLUTIONS Retail Insights #1 “Convergence and diversification stand out as themes that retailers are anticipated to embrace as they look to innovate, differentiate and grow in an increasingly competitive market. - Alison Kenney Paul, Vice Chairman at U.S. Retail and Distribution leader, Deloitte LLP “ The retailers that will move ahead of the pack in the coming year are those that can deliver a consistent, clear, clean, simplified, and seamless message across all channels. % o f r e t a i l C E O s c i t e d , Technology a s t h e N o . 1 g l o b a l t r e n d that will transform their business over the next five years By 2017, near l y 1.5 bnconsumers w i l l c o m b i n e t o c o n t r i b u t e i n e - c o m m e r c e revenues globally trillion $2.4 retailers say shopper insights are critical to their business performance % A retailer using data to its fullest could increase its operating margin by more than % of companies across the retail supply chain35%will expand warehouses and distribution centres over the next five years of industry leaders cite supply chain sustainability as central to operational efficiency and brand loyalty58% In 2018, worldwide retail sales will increase by 5.5% to reach 28.3trillion The estimated growth rate of the Asia Pacific region is forecasted to increase by nearly 7% in 2016, which in turn works out to a retail sales value of approximately $12trillion Sources: http://www.nielsen.com/content/dam/nielsenglobal/apac/docs/reports/2014/Nielsen-ASEAN2015.pdf http://pages.alteryx.com/rs/alteryx/images/shopper-insights-infographic-alteryx.png http://www.bloomberg.com/content-service/resources/retailinfo/ http://www.exacttarget.com/sites/exacttarget/files/styles/full/public/uploads/Future%20of%20Digital%20Retail.jpg http://www.emarketer.com/Article/Retail-Sales-Worldwide-Will-Top-22-Trillion-This-Year/1011765#sthash.iWjHy2Sf.dpuf http://www.statista.com/statistics/232347/forecast-of-global-retail-sales-growth/ Retailers looking into the future can be sure that no matter what trends and technologies are coming, an omni-channel strategy that is propelled by data and streamlined by automation will lead the way. Keep an open mind about innovations in omni-channel technologies in the future. www.etpgroup.com Sustainable brands outperform the market by an average of %