7 Trends That Are Disrupting the Retail Industry

Written by Rob Biederman, MultiChannel Merchant

1. Curated Shopping

Customers don’t want to scour the Internet for hidden finds. They want someone else to do the work for them, and the wave of curated shopping websites is eager to oblige.

2. 3-D Printing

3-D printing is a supply chain game changer. Soon, when a customer needs a replacement part for an AC unit, she’ll be able to simply print it at home.

3. Amazon Prime

Thanks to Prime, it’s impossible to compete on service or shipping price. Although the annual membership fee spiked from $79 to $99 this year, the increase won’t scare off customers.

4. Increased Broadband Penetration

Broadband’s expanding reach means more people will be demanding immediate delivery of digital products, rather than waiting for physical products.

5. Shopify

Shopify provides an off-the-shelf service that lets anyone launch an online store.

6. Digital Currencies

At this stage, Bitcoin remains volatile and unpredictable, but the concept is gaining traction. As it stabilizes, the technology could have a major impact on the way we process international and digital transactions.

7. Smarter RFID Tags

Radio-frequency identification technology allows for better tracking up and down the supply chain.

Read full story here: MultiChannel Merchant

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