Infographic Blog:
Scope of Retail Industry: Global Trends For The Next 5 Years
Undoubtedly, the retail industry is one of the major contributors to India’s GDP.The drastic changes over the period have generated multiple disruptions in the retail industry from defining new business models to advancing customer experience through digitization.Moreover, market expansion reveals how transformation over the next five years will shape India's retail sector profoundly.
Let’s uncover the global trends for the next five years so that we can divert our attention to the right space and navigate these changes before time slips out of our grasp.
The shift from physical to digital unwraps diverse platforms to upgrade the shopping experience from browsing to researching to buying. That’s why we need to be more focused on omnichannel shopping behaviour to expand the wavelength of customers’ experience.
Gen Z: New Powerhouse For Shopping
Gen Z is more diverted toward digital occupancy. It is nearly 30% of the total global population and likes to spend more time on digital. And numbers show that their spending time is increasing rapidly.
Being a part of the retail industry, retailers need to focus on Gen Z’s specific habits and preferences to enhance their shopping experience.
Smart Shopping: Technology To Infuse
In today’s technical world, new changes are setting the pace of the shopping experience and making consumers smarter. From augmented reality to virtual reality, every bit of alteration influences consumer’s appetite for tech-driven shopping experiences
More Focus on Personalisation
Personalization in shopping that includes deliveries, and order booking will set the trends in the retail industry in coming years. It will depend on how you create extra layers of customer service to modify the overall shopping experience.
Activism: Reflect Consumers’ Consciousness
Advancement makes a consumer smarter and more knowledgeable. In the future, you will find more conscious consumers who look for reasons before connecting with a brand.Therefore, it is vital to infuse sustainability and social responsibility into a brand identity to develop the sense of carrying a good cause. This is what we are sharing with our clients under the hood of the best branding agency in India.
To make a significant change in the e-commerce world, you need to show the readiness to adopt new technologies. So, understand the trends and plan accordingly to expand your retail landscape. At Vibes, we prepare a clear roadmap for companies to streamline their future growth smartly. With us, find the best branding agency in Delhi NCR and start your e- commerce journey now!
