The Future of Retail - Tech in 2030

[Music] the world will look very different by 2030. in a new report Tech in 2030 global data looks at the future of retail and fines retail in 2030 will be all about the customer personalization and convenience will drive conscious spending and curated experiences ai-based algorithms will enhance personalized experiences shopping centers will focus on customer experience first and sales second experiences will include introducing theaters aquariums and theme parks traditional shopping centers will use entertainment and Leisure to increase footfall and time spent in malls as the retail industry continues to change retailers Flagship stores will also resemble showrooms where staff will act as brand ambassadors customers can test Goods in store with the option of same-day delivery to their homes the key driver for future payment methods will be consumer convenience most stores will be cashier-less opting for frictionless payment methods as the sector pivots to cashier-less checkouts there will be a reduced need for floor staff in retail retail will continue to adapt based on consumer lifestyle choices as gen Z ages the main consumers of 2030 will be those who have grown up with social media access and the influence of influences will be even stronger by 2030. as ESG [Music] on governance [Music] challenge retailers will Implement more sustainable and eco-friendly initiatives including thrift stores and marketplaces in 2030 the world and its people won't be the same foreign [Music]

Channel: GlobalData Trends & Insight

Views: 4,049

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Id: pD5XrEoR4Ng

Length: 2min 17sec (137 seconds)

Published: Thu Nov 03 2022