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THE FUTURE OF RETAIL Ian Harris © 2014 Netstarter

Future of Retail by Ian Harris

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  1. 1. THE FUTURE OF RETAILIan Harris 2014 Netstarter
  2. 2. LANDSCAPE TODAY Online pure plays continue tosteal market share fromtraditional retailers. Providing context-rich informationie. more relevant, and personalisedshopping experiences = higherconversion rates and increasedcustomer loyalty. Retailers must create a consistentexperience across Web, mobile,telephone, retail, print 2014 Netstarter
  3. 3. LANDSCAPE TODAY Retailers must bridge the gapbetween off and online. Social and Mobile combinationallows retailers to leveragecustomer info from everywhereeg. shopping history or activityon social networks and offercontextually relevant offerswhile they are on the move. 2014 Netstarter
  4. 4. 2014 Netstarter
  5. 5. IMPLICATIONS FOR COMMERCE1. No "e"2. Physical store footprints will need to adapt3. Blending experience across physical anddigital channels4. Personalisation on a mass scale in based onwho you are and what you do in both physicaland digital channels5. Retailers will need to change how they measuresuccess in physical channels6. Supply chain will need to find different ways tomeet the economic challenge of omnichannel 2014 Netstarter
  6. 6. CUSTOMER PROFILE 70% of customers are lookingonline before purchasing Ethical sourcing required Dont care about your channels Demographics causingdivergence in desired experience Getting used to multiple browserwindows open I expect you to know me butdont stalk me 2014 Netstarter
  7. 7. RETAIL IN 20201. Bringing the best of digital into a physical environment Digital change rooms The same content as online e.g. reviews Stores are showrooms Borderless ecommerce2. Big data driven marketing and merchandising Where to market it Who to promote it to What to sell Which store to sell it in Purchase behaviour shared between channels 2014 Netstarter
  8. 8. PULLING ITTOGETHER 2014 Netstarter
  9. 9. TECHNICAL CHALLENGES TO SOLVE Where is your customer data? How do we get it all in one spot? Worry about what you will do with it later.It becomes your most important asset(after your people of course) Where is all your product info, images,reviews etc. Get that all in one spot Decide how you get that information intothe hands of the front end that needs it(physical or digital) 2014 Netstarter
  10. 10. BUSINESS CHALLENGES TO SOLVEAnalytics have meaningacross all channelsSupply chain logistics willneed to optimise to cope withincrease in online orderingMotivating and remuneratingsales staff in each channel forvalue added, not just salesCross border Commerce;shipping, taxes, duties, customerservice, Multilanguage,multicurrency, multiDCAllowing customers to seethe end to end supply andlogistics chainProduct decisions will bemade based on who buyswhat, where 2014 Netstarter
  11. 11. THE OPPORTUNITY IS NOW1. Find a partner2. Build a roadmap,take your time3. Change the conversationwith your customer first4. Deliver a new retailoutcome 2014 Netstarter
  12. 12. THANK YOU 2014 Netstarter