Shaping the Future of Retail for Consumer Industries
This report examines the future of retail, predicting a consumer-centric golden age with personalized shopping experiences, driven by technological innovations and changing business models. It emphasizes the need for retailers to adapt to empowered consumers, leverage disruptive technologies, and embrace transformative business models to succeed.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | World Economic Forum |
| Authors: | Abdulrahman Addas, Elaine Bowers-Coventry, Henrik Burkal, Jamie Murray Wells, Jean-Jacques Sebbag, Lori Flees, Massimo Di Dia, Paul Todd, Ramon Martin, Sean Flaherty, Steven Skinner, Sven Hermans |
| Time horizon: | 2026 |
| Geographic focus: | Global |
| Page count: | 32 |
Methods
The research method involved analyzing industry trends, consumer behavior, and technological advancements. It included interviews with executives, secondary research, and quantitative assessments to evaluate the impact of digital transformation on the retail sector.
(Generated with the help of GPT-4)
Key Insights
The future of retail is poised for significant change, with consumers gaining unprecedented control and choice. Technological advancements will enable personalized products and services, while businesses must adapt to meet these demands. The report identifies key success drivers, including understanding empowered consumers, adopting disruptive technologies, and developing new business models. It also highlights the societal implications of retail transformation, such as employment shifts and environmental impacts, calling for proactive strategies to ensure positive outcomes.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020s time horizon | 2026 time horizon | English publication language | Global geographic scope | business model transformation | consumer empowerment | e-commerce growth | environmental sustainability | physical store evolution | public-private collaboration | retail experience | technological innovation | workforce impact