Dr Patrick Dixon, YouTube Futurist Keynote Speaker -
Recent Futurist YouTube Videos - Keynote Speaker
Future of retail: Futurist keynote speaker for Lambda Developments event in Athens on future of
retail in Greece.
How retail spending is changing. Future of shopping malls, supermarkets, out of town stores, convenience stores, markets in Greece. Impact of mobile and e-commerce on omnichannel customers. Location based marketing. Global e-commerce trends.
Mega-chains will dominate retail growth across Greek cities, in traditional retail and online.
In many EU nations, 70% of all retail spending is already in just four or five retail chains, and across the EU as a whole, 50% of all food sales take place in just ten chains.
National price wars will become regional price wars.
Sales by chains in the EU will continue to grow fast – 25% growth over the last 14 years, but their retail floor space has grown at twice that rate, so their productivity has fallen. And the value of total EU food sales has also fallen over the last 15 years, with a recent small upturn at economies have improved.
One reason is that more people are eating out more often, and this will continue.
We see many more shopping centres, but for every square metre of new space, another metre has to close, especially with sales shifting so rapidly online. Therefore, expect huge pressure on rents for commercial retail, and loss of large numbers of smaller stores.
Many large out-of-town grocery stores will close across Western Europe over the next decade, as middle-class shoppers shift from large weekly purchases, to buying food from local stores – most sales from people less than 700 metres away.
Competing on price alone will mean a downward spiral and low profits.
Apart from scale, the best way to compete will be to stay very small, trading from local market stalls, street corners, or on eBay as a specialist retailer.
Street markets will continue to be popular: providing buzz, energy, ‘street atmosphere’, local variety. Larger chains will create more market-stall atmospheres in parts of their retail areas.
All in response to the greatest challenge of all to traditional retail grocery ‒ boredom with a few large chains, all very similar. Customers want consistency, but they also need to explore and be excited.
The web is making customers very impatient.
Every second counts. You can loose easily 75% of mobile online sales on a website where pages take over 5 seconds to load. Global e-commerce sales will be $5 trillion by 2025, from more than $2.6 trillion in 2018, mostly on mobile devices.
Amazon is now the world’s third largest retailer after companies like Wal-Mart, Carrefour and Tesco, with $232bn of sales a year. Over 30% of all UK shopping apart from groceries is already online, growing at 10% a year, mostly via mobiles.
E-commerce is growing at 30% a year in Asia. These are pointers to the future of Greek retail. In Greece, EU5bn is already spent online, mainly on shoes, clothes and electronic devices - over 3% of the entire economy, and 25% of this is bought on smartphones.
Forget about shopping online or offline – both are merging into one. Someone standing in your Athens store is probably searching your competitor’s website at the same time. Online sales will be an even greater threat to traditional retailing in Greece than large chains or budget warehouses.
Shopping malls will need to become complete leisure destinations – experience, fun, entertainment, eating out – to compete with online.
Expect huge growth in click and collect, where goods are delivered to somewhere other than your home. Same hour delivery will be common people in many cities, for a premium price.
https://www.youtube.com/watch?v=gPMsgTCTJLg
Related news items:
Newer news items:
- Why this is boom-time for physical corporate events in some nations following COVID vaccinations - future of conferencing, keynote speakers. Get ready for hyper-agile pop-up events at short notice. Companies have to meet to survive. CALL NOW +447768511390
- Huge Tomatoes from Exhaust Gas in Power Generation, and re-use of heat. Greentech Innovation, CO2 emissions reduction, energy and food industry - climate emergency keynote speaker - VIDEO
- For YEARS I warned about new pandemic risks. Life beyond COVID / Omicron - health care innovation, vaccines, future of pharma research and drug development. Future of Health care Keynote Speaker and Physician who warned for years about new pandemic risks
- Q+A on COVID and variants such as Omicron: global impact - with Futurist physician advisor to corporations and government. Future of health care keynote speaker - health care trends
- Why many don't trust government info about health scares, and why most people distrust marketing messages - truth about social media. Health care trends. Marketing keynote speaker
- Future of Cars: auto industry trends. Future of Robot drivers, future of e-vehicles, future of flying cars - auto industry keynote speaker
- Future Cancer Treatment: impact on future of health care and pharma trends. Expect rapid improvement in oncology. Futurist keynote for Pfizer by Dr Patrick Dixon - HEALTH CARE VIDEO
- Future of Banking and Payments - Futurist keynote on financial services - banking scale, bank legacy systems, banking cybersecurity threats and customer expectations in retail banking - BANKING TRENDS VIDEO / POST
- Why NO DEAL Brexit created an instant nightmare for the EU because Irish/UK border cannot be closed - around 60,000 video views
- Why 25% of all deaths in Netherlands now caused by doctors deliberately killing people - euthanasia / mercy killing boom. Impact on your own family, life expectancy and future health care. Why I have always been totally opposed to euthanasia
- World's Best Futurist Speakers - how they create audience magic - comment by Futurist speaker Patrick Dixon on audience engagement, how to ensure maximum keynote impact. VIDEO
- Secrets of all World-class corporate events and education - how to maximise impact, learning, attention, engagement - select the right venue! Future of education. Futurist Keynote speaker - VIDEO
- Future of District Heating and Energy / Power. Smart cities, energy saving, zero carbon houses, reducing carbon emissions. Euroheat green tech keynote by Futurist keynote speaker Patrick Dixon - VIDEO
- Future of Wind Energy - dramatic growth in wind farms, sustainable power - why governments in many nations will rapidly ramp up climate change policies and investment over the next 20 years. Futurist keynote speaker VIDEO
- Türkiye milyon yıl var olacak - future of Turkey and Health - keynote speaker at Geleceğin E Hali on health trends - TV INTERVIEW
Older news items:
- Future of Travel, Transport, Aviation, Shipping, Road and Rail - travel industry keynote speaker - Futurist VIDEO
- Trust your robot to give a keynote? Here's what happened when I was joined by a talkative Robot called Nao onstage in Paris recently - Futurist VIDEO
- Future of Eye Care, Blindness, Retina Repairs, Opticians, Opthalmology Futurist Keynote Speaker - VIDEO
- The Future of Almost Everything - UWEBC conference keynote speaker Patrick Dixon - Futurist VIDEO
- Future of Marketing, Big Data, Little Data and Mobile Payments - marketing keynote Patrick Dixon - Futurist VIDEO
- INTERVIEW: Future of Marketing, Big Data, Little Data and Mobile Payments - marketing keynote Patrick Dixon - Futurist VIDEO
- Future of Food Retail - shopping, customers. British Frozen Food Federation (BFFF) keynote - Futurist keynote VIDEO
- Future of Retail - Customer Magic, Mobile Marketing, Mobile Payments - retail keynote for WorldPay - Futurist VIDEO
- Radical changes to marketing in mobile world - Google premier marketing event - Futurist keynote speaker - marketing VIDEO
- Future of Banks and Telcos - mobile payments trends - Google keynote by Patrick Dixon - Futurist VIDEO
- Future of Retailing - location-based mobile marketing - marketing keynote speaker for Google - Futurist VIDEO
- "Disruption, Connectivity and Speed" - book in now to hear MCE55 keynote by Patrick Dixon. Brussels April 19th and 20th 2016.
- "Disruption, Connectivity and Speed" - hear MCE55 keynote by Futurist Patrick Dixon - Futurist VIDEO
- Mobile Marketing Magic - power of Little Data - Futurist keynote speaker at Google marketing event - Futurist VIDEO
- Marketing Magic: how to avoid mobile marketing disasters - Google event Futurist keynote speaker - VIDEO
Thanks for promoting with Facebook LIKE or Tweet. Really interested to read your views. Post below.