IGD Head of Insight – Asia Pacific Nick Miles.
From IGD Head of Insight – Asia Pacific Nick Miles.
Based on innovations in both new technology and solutions that retailers around the world have tested and implemented in-store, IGD offers a simple model for designing the store in 2030 so that businesses are on the way towards one develop your own store of the future.
Covid-19 has both identified challenges and accelerated trends in our industry.
The world in 2030 will look very different than it is today. The way people shop for their groceries and consumer goods is changing rapidly. Traditional branch operating models are coming under great pressure.
IGD, a provider of insight and foresight to the food and consumer products industry, believes retailers and suppliers need to work harder to develop store formats to accommodate these changes. Here IGD outlines a new model for the store of the future and shows the five topics that will shape FMCG stores over the next ten years.
Business will remain an important part of our industry
Ninety-two percent of global food and consumer goods sales will remain through physical retailing in 2030. The supermarket will be the dominant modern channel, but the growth of the online grocery store will be one of the biggest challenges for stores. Therefore, in order for businesses to survive, they must evolve to operate in harmony with online operations and find new and creative ways to generate income that will keep them profitable.
Read the full article in the October issue of Retail World.