The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJan 2018
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User-friendly programming tools and more affordable computing have underpinned a flowering of creative new retailing apps. This means that digital retail is no longer the preserve of the largest companies with the deepest pockets. Smaller retailers are coming to market with exciting new ideas, and cutting edge technology is being used on a wider scale than ever.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Rapid advances in digital vision recognition have seen the technology being adopted across retailing, with a variety of imaginative concepts helping consumers to speed up product searches and access product information more rapidly. Retailers are also using it to improve service offers, and the proliferation of ideas suggests a lot more development will be forthcoming.
Online shopping offers convenience and lower prices. However, the channel lacks the immediacy of physical store shopping. At the same time, consumers are increasingly identifying speed of order fulfilment as a key priority. Online retailers are therefore seeking to narrow the transaction time gap on physical stores, often using innovative freelance courier companies to do so.
Many small retailers and producers have tried to keep up with the online revolution by operating online mail order systems, but these often archaic digital cottage industries have failed to protect their operators, and they are being squeezed out of the market. However, new collectivised digital hubs are emerging and bringing smaller players into the market. This trend also meets growing consumer demand for local, independent or artisanal traders.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.