Retail

The Changing World of Retail

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The pandemic has had wide spread impact across multiple domains, and Retail is a space with considerable impact. As I mentioned in a Post last week, we have seen ten years of ecommerce growth in three months. Does the rapid surge of ecommerce represent the future, or does our human desire for social interaction serve as a positive catalyst for physical retail? Will physical retail survive in a post-pandemic world? In a recent Video Clip, Fool.com contributor Matt Frankel and Industry Focus host Jason Moser ask Shark Tank star Kevin O’Leary how the pandemic will change retail, if at all. Here is a summary of his perspective.

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Technology Pioneers Describe How the World Will Change By 2025

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In a recent Article via the World Economic forum, author Saemoon Yoon identified 17 ways that technology could change the world by 2025. While the current pandemic exposed our vulnerabilities, it also shows what is achievable through collaboration. While efforts to collaborate globally must improve, a heightened visibility to the issues combined with an appreciation for the power of science and technology is a step in the right Direction. Here are snippets from the article that captures insight from 17 experts related to the world of 2025.

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The Technologies And trends Accelerated By COVID-19

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In this recent Article, author Paul Gillin provides insight on trends and technologies that are likely to be forever transformed by the events of recent months. SiliconAngle asked several technology executives for their thoughts on the topic. Here are the technologies and trends identified.

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Possible Futures Emerging Across Multiple Domains

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It has been my desire to tell stories; to paint pictures of possible futures. Any story-teller would marvel at the amount of possible futures evolving from the current crisis. I have been a fan of the book the Fourth Turning because of the compelling journey through history that the book takes you on. Stories of crisis that emerged every 80 to 100 years like clockwork; and the reshaping of the social order that followed. It has been a little over 80 years since the last world altering crisis emerged. World War Two qualifies as an event that reshaped the social order when it was done.

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COVID-19: Both Accelerant And Obstacle

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As we peer into the Looking Glass, we know that uncertainty is staring back. Our exponential world and all its building blocks and scenarios has created this looking glass phenomenon – something I explored in this Leadership Course back in 2017. COVID-19 underscores this uncertainty, serving as both an accelerant and an obstacle. A good example is explored in this Article on automation. COVID-19 - Accelerant or ObstacleWill the pandemic serve as an automation accelerant, as businesses replace laid off employees via automation? Or is it an obstacle to the capital investment required to enable automation?

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Target Transforms by taking a Long Term View

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A recent Article describes how Target transformed from a Retailer with stores in disrepair and leaders that struggled to adapt to changing consumer behavior, Target Retailerto a company that is thriving. Their first quarter results for 2019 beat analysts’ expectations, the store’s private-label lines are exploding, and the stock price is trading at an all-time high.

Target CEO Brian Cornel made a huge announcement in March of 2017 that it planned to invest over $7 billion in a turnaround strategy – Wall Street was not impressed, as Target suffered its largest stock plunge in almost a decade on the day of the announcement. But Mr. Cornel took a page out of Jeff Bezos book and pushed forward on a plan that included:

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The Future of Retail

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The National Retail Federation (NRF) kicked off it’s annual event this week, and with it comes an opportunity to consider the future of retail and the type of changes we might expect. Colleagues at Tata Consultancy Services (Kevin Mulcahy, Bill Quinn, and April Harris) pulled together their thoughts ahead of the event. You can explore the future of Retail via this Article, and/or the short video below.