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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. Retailers operate on slim margins.

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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. Retail was already shrinking in terms of floorspace: total square footage dropped by 4.4%. With nearly 60% of retail square footage in the U.S.

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Staying Competitive: Keeping Up With Amazon

Rangeme

Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Walmart added AI to its fulfillment processes to fill online orders faster. Walmart to build local fulfillment centers at dozens of stores. Supermarket News. Supermarket News. Supermarket News.

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Coping With Omicron Disruption Across the World

Rangeme

Up to half of Australia’s transport workers are off sick every day, interrupting the supply to supermarkets, the Transport Workers Union has said. The major supermarkets all report shortages of products including fruit, vegetables, and meat. Meanwhile, costs are only headed in one direction.

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Tesco’s Strategy for Gaining Market Share

Indigo 9 Digital

So it fulfils our strategic desire to make sure our customers can shop with us wherever, whenever and however they want.” If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox. Retail media. Source: Bloomberg. Do you like this content?

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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. Stores as fulfillment centres.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Recent labor shortages prompted some supermarket chains to shorten their store hours. As labor shortages reduce productivity, Amazon redirected inventory to fulfillment centers with sufficient staffing, adding $2 billion in labor inflation costs and $2 billion in operational disruption costs. 14 Lempert, Phil. November 1, 2021.