New Retail - Digital Transformation
Mary Meeker's report on Internet Trends 2018 just flooded our feeds a few months back.
Summary for Retail people of the Report:
- Internet penetration is at greater than 50 percent of the total world population.
- E.Commerce VS Physical Retail share gains 13% of Retail.
- 55% bought product online after a social media discovery.
- Lifetime Value/ Cost of Customer Acquisition is a key metrics.
- Many USA Consumers view You tube before purchasing products.
- Physical Retail - Long Term Growth deceleration.
- New Retail - coined by Jack Ma in 2016, is the most talked about concept in business. Alibaba has the most comprehensive ecosystem of commerce platforms, logistics & payments to support the digital transformation of the retail sector.
Read more on New Retail. Call SANDA for more on this.
Written and complied by Simrita Dhillon.