The acceleration of key disruptive forces in retail is causing the rapid transformation of the industry. KPMG’s new report, “Revive to Survive,” outlines three disruptive forces shaping retail’s future, and makes five bold predictions on the future of the industry.
“Success in retail today is driven by a number of disruptive forces,” said Scott Rankin, national Advisory leader, Consumer and Retail, KPMG LLP. “In order to compete and survive, retailers need to understand rapidly evolving consumer behaviors, use data and analytics to inform strategy and build new business models that will help them succeed in a challenging environment.”
There are three disruptive forces shaping retail’s future:
“Retail’s future is evolving rapidly with the acceleration of digital sales, the increasing number of competitors, the progressive use of technology and the evolving consumer behavior,” said Matt Kramer, national sector leader, Consumer and Retail, KPMG LLP. “To navigate this changing marketplace, retailers need to develop targeted strategies to evolve their business model and remain meaningfully differentiated to meet the new reality and increased customer expectations.”
Based on industry trends and KPMG’s knowledge of the industry, here are five bold predictions about the future of retail:
To learn more about the future of the retail industry or to arrange an interview with KPMG’s Scott Rankin and Matt Kramer, please contact Mike Alva. Read the report here..