The global retail environment is in constant flux, each region has its own challenges.
The US and Europe with malls and big-box retail format challenged by the “Amazon Effect;” revolutionizing retail integrating digital features with stores. China, on the other hand, has the highest penetration of e-commerce sales, with Chinese internet giants such as Alibaba leveraging their own technology and capital to create retail ecosystems while brick and mortar retail still accounts for more than 75% of the total Retail Sales.
The future of Retail will be Smart Retail; mobile, integrated with emerging technology, AI, experiential interactions to build meaningful relationships with the consumer but it does not end there. Manufacturers and retailers will need to build end to end value chains offering convenience with strong logistical backbone with technology benefiting consumers at the same time balance digital investments with the balance sheet. Business Leaders, Boards and Executive Teams will have to stay nimble during this period of change and as the Retail model continues to evolve. New jobs will be created, and existing roles will evolve with the advancements in Smart Retail and consumer tech.
At HamptonTCI we work in partnership with consumer companies, advising clients on recruiting and consulting leaders on delivering key objectives in this competitive marketplace and focus on:
- Sourcing and Distribution
- Media and Marketing