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Key retail trends for 2024 – and what you need to do about it NOW

Mike Anthony

But if retail is changing, then manufacturers and suppliers (as well as retailers) need to adjust their strategies and plans to address each of the trends, to realize the huge opportunities that each offers, and to ensure that the (equally huge) threats they pose are understood and mitigated. That’s where I come in.

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More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends

Retail TouchPoints

Interest in private label products, from supermarket-branded foods to Amazon Basics hard goods, have been on the rise for the past several years. Additionally, the percentage of consumers willing to pay the same or more for private labels over name-brand products rose from 34%. With nearly 60% of retail square footage in the U.S.

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Staying Competitive: Keeping Up With Amazon

Rangeme

As retail catapults into the future, companies can’t afford to get left behind. Leading the way in industry influence, Amazon shapes global retail standards and shopping habits. Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Supermarket News. Supermarket News.

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Coping With Omicron Disruption Across the World

Rangeme

It’s a vicious circle: retailers in every market are raising their prices, prompting consumers to look to their employers for pay increases, forcing companies in every industry to raise prices once again. Retailers and producers in the U.S. The imbalance between demand and supply is also driving up inflation.

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Tesco’s Strategy for Gaining Market Share

Indigo 9 Digital

Perhaps it can be taken for granted but most consumers are struggling to make ends meet. Consumers at that time were reeling from the recession and Aldi and Lidl entered the grocery market in the United Kingdom with low prices and were able to steal share. Retail media. Amazon continues to show retailers how to make money.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

It’s the retail equivalent of a lump of coal: supply chain disruption is retail’s most urgent priority right now since the holidays are coming up fast. Study: 98% of retail execs report supply chain issues ahead of holidays. Retail Dive. Study: 98% of retail execs report supply chain issues ahead of holidays.

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The Future of Retail: 9 Ways Alibaba is Redefining Retail Stores

Indigo 9 Digital

A Hema supermarket in China. By Tricia McKinnon If you want to know what the future of retail looks like perhaps it’s time for you to take a trip to China. China is considered to be two to three years ahead of the United States when it comes to merging digital with offline retail. Neither should brands and retailers.”