Skip to main content

Home/ Oracle Media Resource/ Group items tagged retailvision

Rss Feed Group items tagged

Oracle Retail

Industry Experts Predict the Future of Retail | Retail Vision (Blog) - 0 views

  •  
    We spoke to various industry experts who revealed their top predictions for the future of retail including Oracle, IBM, Retail Wire ... ...David Dorf / Oracle: Retail will change in many ways, but immediacy will have the biggest impact. Our homes will replenish themselves; our packages will arrive hours after the order; retailers will bid on the right to sell us products in real time; our in-home printers will produce products as we watch. These are examples of consumers having immediate access to the products they want. The technologies to support these scenarios already exist, so we're not waiting on anything new to be invented. All of these scenarios are already a reality in small, independent deployments. It's only a matter of time before retailers evolve their business models to fully embrace this notion of immediacy. That's not to say traditional channels will cease to exist. Physical and digital retail won't fade away, nor will the importance of good customer service. But massive improvements achieved in forecasting, sourcing, and moving products will radically change the landscape in which we trade. Obviously no one will wake up tomorrow to this new reality. It will emerge slowly over many years, but we can already see evidence of the coming changes. Every retailer needs to think in these terms, and make sure each investment moves them closer to the goal.
1 - 1 of 1
Showing 20 items per page