Stores need a reset. Tech advancements challenged the traditional wholesale model. E-commerce exploded. Consumers wanted their orders faster, and companies responded with quicker delivery. What does this mean for physical retail? A brick-and-mortar makeover.
A two-day event in May 2022, Retail Asia Summit will explore a plethora of topics through a series of industry presentations and panel discussions. Be part of this conference together with senior executives from top retail companies, subject-matter experts from the top consultancy firms, as well as business leaders from Asia’s retail industry.
Digital technology is playing a greater role in reshaping retail strategy in the Middle East and Africa, and a digital presence for companies is imperative. As omnichannel presence and positive retail experience become top priorities for consumers, success will hinge on a strategy built around seamlessness, convenience, experience, and personalisation.
Physical retail will remain the largest and most important channel, but how space is leveraged will change. Personalised, immersive and collaborative concepts will advance the store experience of tomorrow.
With the pandemic disrupting all aspects of consumers’ lifestyles, Euromonitor International’s Analytics team created a megatrends quantification model to help assess the impact of these long-term trends. The model will be leveraged in this article to quantify the Digital Living megatrend. The Digital Living megatrend refers to the multi-year trend of consumers using a variety of internet-connected devices to experience and interact with digital content and access services. With penetration of both devices and infrastructure spreading, this megatrend will further alter the way consumers live, work, shop and play in the years to come.