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WEBRetailbiz covers every aspect of Australia’s retail sector with a focus on the innovations and technologies that are driving the industry forward.
What the Australian retail industry should expect for 2023
WEBWith the COVID-19 pandemic, the past 36 months have been a difficult time for Australia’s retail industry, with businesses having to navigate a plethora of challenges, ranging from rising costs and supply chain disruptions to grave labour shortages.. Further adding to the pressure on retailers are rising customer expectations.
Zebra CTO explains three key trends impacting retail supply chains
WEB1 day ago — Reduced worker availability, shifts in customer expectations and diminished predictability for products and services, are the three key areas influencing the retail landscape in 2024, according to Zebra Technologies chief technology officer, Tom Bianculli. “Given the aging population and wage inflation, reduced availability of workers has ...
The trends that will define the retail industry in 2024
WEBAI adoption will increase. In 2023, artificial intelligence (AI) exploded into mainstream consciousness thanks to the prominence of ChatGPT. In 2024, that momentum will continue. In fact, by 2026, the global AI market in the retail industry is projected to grow by 70%. AI is still in the early stage of its evolution, and many retailers have yet ...
What retailers should look out for in 2024 - retailbiz
WEBIt has been a challenging few years for retailers, especially as they are more likely than average to face risk, according to FIS’ Global Innovation Report.With 89% of retailers concerned about rising inflation, and 78% worried about supply chain disruption, industry norms have been flipped.
Why Australian retailers need to prepare for the social commerce …
WEBThe direct-to-consumer approach of social commerce demands greater agility and flexibility in customer experience and service. Retailers must respond quickly to customer queries, comments, and problems related to orders, deliveries, and product returns. This must be managed seamlessly to provide a personalised experience to each customer ...
Checkout choices: How diversifying revenue streams can help …
WEB2 days ago — Australian SMEs that are looking to swim, not just stay afloat – or worse, sink, should be considering ways to diversify their revenue streams. A key strategy for Australian SMEs looking to broaden their revenue could include selling other non-competitive brands’ gift cards through a ‘gift card mall’ in addition to their own branded ...
How integrating your data fabric can transform your competitive …
WEB2 days ago — A data fabric is an integrated, flexible data management framework that allows organisations to connect and manage data across various sources and environments, whether they are on-premises, in the cloud, or across different systems. It provides a unified, real-time view of data, enabling businesses to access, process, and analyse data ...
Pattern Australia shares five e-commerce predictions for 2024
WEBGlobal ecommerce and marketplace accelerator, Pattern has released its top five predictions on what will shape the Australian e-commerce landscape in 2024. “The Australian retail landscape will take an evolutionary step-forward over the coming year, driven by changing consumer expectations and the …
Four ways AI will disrupt retail - retailbiz
WEBDec 4, 2023 — In Australia, AI is set to reshape the customer experience in retail with improved service and personalised recommendations. Supported by data from Servion, it’s projected that by 2025, AI will be a part of 95% of all retail experiences. Our recent report, Online Consumer Behaviour Global Report 2023, found …