Digitization and the Retail Revenue Reset #retail #economy #leadership

Retailers are feeling significant pressure as digital takes a greater and greater hold of the industry. Many say that digitization actually brings demonetization. This will result in a massive shift in the share pie for retailers. What once was a great traditional retail business, will become a much smaller primarily online business. I thought I'd take a stab at visualizing that. Thoughts?

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Is Omnichannel Even Possible?

I believe that 97.5 percent of today's traditional retailers will NOT survive the earthshaking transformation that is currently occurring in their industry. Changes in the customer shopping behavior and preferences, rise of on-line shopping, local and state government push to increase minimum wage, and uncertainty in the global economy have placed quite a few obstacles in front of retailers.

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What will humans do when machines can do almost everything? #AI #Robotics #jobs #WhatIsWork #economics

Artificial intelligence experts predict that intelligent and semi-intelligent autonomous systems — such as self-driving cars and autonomous drones — "will march into our society" in the next two to three years, with driving expected to be fully automated in 25 years, a panel of experts said at a 13 February news briefing at the 2016 AAAS Annual Meeting.

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Mobile Holiday Sales Reach $13 Billion; 64% Of Retailers To Increase Smartphone Investments #Retail #Trend

The impact of mobile on this past holiday shopping season was projected to be huge, and huge it was. With final tallies coming in, spending via smartphone for online purchases hit $13 billion, based on a new study. That's an increase of 59% from a year ago, according to comScore, and that's just for the last two months of last year.

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