What do you think the future of retail industry will look in

What do you think the future of retail industry will look in the next 5 years?

Solution

Given retail\'s steady movement to mobile and e-commerce, you might be wondering what retail will look like in the future. As predicted by futurist Faith Popcorn, we can continue to expect hyper-customized concierge and on-demand services, and what she calls\"consutainment,\" the integration of ultra-convenience, utilization, and entertainment.

A recent report finds that worldwide grocery sales through e-commerce channels jumped 30 percent in the past year.Five Countries leading the development charge were China (+52%), South Korea (+41%), the UK (+8%), France (+7%), and Japan and the US (both +5%). China is the world\'s predominant e-commerce—and mobile.Two of the best three fastest-developing retailers in 2016 are China-based e-commerce retailers Vipshop and JD.com.

Ultra-Fast Delivery

Today, the standard is two-day delivery. In any case, in the event that you\'ve been focusing, you realize that is evolving. Actually, a shockingly high 25% of consumers said that they would desert their orders in the event that one-day delivery wasn\'t available.

Of course, that is only the beginning. Two-hour drone delivery is coming in the foreseeable future, and Amazon is already discussing 30-minute drone delivery.

Your Kitchen Will Restock Itself

While Amazon has pioneered the \"Dash Button,\" not long from now, your wash room will literally order your items for you. One stealth startup, WePlenish, is already propelling a line of \"IoT-powered\" shrewd containers that promise to revolutionize the modern kitchen.

You won\'t have to stress over coming up short on essentials like coffee, pet sustenance or snacks because your containers will sense inventory levels and replenish those items without you lifting a finger. Not any more awakening to discover your coffee stash is empty or a minute ago outings to the grocery store because you neglected to purchase pet sustenance.

Know Exactly What\'s In Stock Where

Have you ever gone to a store planning to purchase something, just to learn that they were out of stock? A new feature from Google Home enables people to request that Google Assistant find in-stock items at the closest store.

For example: \"Google, where would i be able to discover the Nintendo Switch console?\" Assistant will tell you what number of stores have it right then and how close they are.

Of course, it isn\'t currently available for all stores in all areas, yet you would already be able to see a future when it has become standard.

\"With the proliferation of mobile devices, keen glass and brilliant appliances, e-commerce and the marketing associated with it will become more intertwined to our future moment satisfaction lifestyles,\" says Greg Yevich, fellow benefactor and technology director of OperationROI, an e-commerce marketing firm and our client. \"Every touchpoint — from digital to TV, radio and informal organizations — will let shoppers complete immediate purchases on the spot.\"

No More Juggling Shopping Bags

One of the agonies of going out to purchase things is that you have to transport them yourself. Truck them through the store. Do them to your auto. On the off chance that you visit multiple stores and make numerous purchases, this can be cumbersome.

In the near future, the Bonobos model may become more typical. For those who don\'t have the foggiest idea about, the store doesn\'t convey in-store inventory. Instead, you attempt things on in-store and pay for them, however you don\'t take anything with you. Your purchases get sent to your home. Not ideal with two-day shipping. In any case, with two-hour shipping? Thirty minutes? Less? In that future, your purchases may arrive home before you do.

Digital Dressing Rooms And Curated Experiences

In the future, heading to the store might be like heading out to the movies instead of watching at home. You go for the experience:

Stores facilitating unique, in-store-just sales and themed events

Top of the line stores utilizing driverless autos to chauffeur preferred customers

More \"connected stores\" facilitating interactive experiences

Top of the line retailer Rebecca Minkoff tripled dressing sales with interactive touch-screens that let shoppers choose items to be sent to their dressing rooms. The dressing room reflect/screen additionally enabled them to view those same items styled with different hues, sizes and looks.

What\'s more, dressing rooms as we probably am aware them may become a relic of times gone by. After all, why go to the trouble of getting undressed when you can use an accurate 3D version of yourself to attempt on items and get suggestions about fit, style, shading and the sky is the limit from there?

Top beauty retailer, Sephora, is already utilizing its exceptionally interactive application to let shoppers attempt on new makeup hues and get recommendations through the phone\'s camera.

Robot Customer Service

People like to solve problems all alone. Seven out of 10 consumers expect companies to have self-service alternatives on their sites, and 67% say they prefer self-service.

Robots may offer another type of self-service that people crave. Lowe\'s is testing LoweBot, which speaks multiple languages and can help people find and learn about items. Best Buy has a robot grabber arm for some items. Furthermore, some shopping centers are even utilizing robot security protects. Sales staff may become a relic of days gone by.

All in all, what will the future of retail resemble?

You make intends to essentially attempt on new takes a gander at a nearby store event with friends. You whip together a gathering in minutes by having items sent to your home by drone. You locate that coveted birthday present for your children with only a few ticks and it arrives on your doorstep. Schlepping sacks through a crowded shopping center will become so 2018.

Utilizing a multitude of social and in-store receptors, like surveys, contests and interactive applications, retailers and brands will find out about what we need — from what style shoe we like to what lipstick looks great on our skin tone — and use that information to take off more effective, personalized and interactive marketing efforts.

This means retailers will always need to evolve, innovate and bind together their omnichannel efforts so shoppers\' ways to purchase are as frictionless as could be allowed.

Convenience, experience, and choices — it will be a whole new world.