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The Changing World of Retail in 2018.
Tom Goodwin
EVP, Head of Innovation, Zenith USA
Post Digital
Today
{35 mins
Hello.
The Mid-Digital Age.
4 Themes for Retail
The Power of Digital Transformation.
5 mins Q&A
Im here to be annoying
Things have never changed so fast before
And will never change so slowly again
Not everything is changing
Things have never changed so fast beforeAdvise Clients.
By asking questions
PostNord Retail Day 2018  Tom Goodwin
Today
{35 mins
Hello.
The Mid-Digital Age.
Themes for Retail
The Power of Digital Transformation.
Post Digital
Post Digital
Post Digital
Post Digital
Post Digital
Pre Digital Age
Post Digital Age
Mid-Digital Age
Social
Video
Commerce
Today
{35 mins
Hello.
The Mid-Digital Age.
Themes for Retail
The Power of Digital Transformation.
Waterwheel
Steam Engine
Industrial Revolution
Pre-Electricity
Industrial Revolution
Post-Electricity
Apicture of new factories.
Built for Electricity
Business Model
Product
Marketing
Advertising/ CommsAltitude of Digital
$50bn $30bn $60bn$500bn
$3.2bn$19bn$500bn $20bn
$700bn$16bn$560bn $810bn
$50bn $30bn $60bn$500bn
$3.2bn$19bn$500bn $20bn
$700bn$16bn$560bn $810bn
THESE ARE NOT TECH COMPANIES
Digitalization
DigitallyTransformed
DigitallyTransformed
PostNord Retail Day 2018  Tom Goodwin
What would your company look like if you set it up today?
What can you do to get there?
Today
{35 mins
Hello.
The Mid-Digital Age.
Themes for Retail
The Power of Digital Transformation.
Retail Splits - Buying vs Shopping
{Democratisation of Commerce
Blurred Lines
Horizontalization of Commerce
Themes for Retail
Shopping
Memorable
Fun
Experiential
Interesting
Buying
Fast
Easy
Slick
Boring
Discovery Efficiency
Bifurcation of Commerce
Shopping
PostNord Retail Day 2018  Tom Goodwin
PostNord Retail Day 2018  Tom Goodwin
PostNord Retail Day 2018  Tom Goodwin
PostNord Retail Day 2018  Tom Goodwin
PostNord Retail Day 2018  Tom Goodwin
Interactivity
Destination Shopping
PostNord Retail Day 2018  Tom Goodwin
Buying
PostNord Retail Day 2018  Tom Goodwin
Never having to think
Bundles
Automated reordering.
Bifircation of Commerce.
Buying
PostNord Retail Day 2018  Tom Goodwin
One of Everything
PostNord Retail Day 2018  Tom Goodwin
Simple Choice Architecture
PostNord Retail Day 2018  Tom Goodwin
Shopping
Memorable
Fun
Experiential
Interesting
Buying
Fast
Easy
Slick
Boring
Discovery Efficiency
Take out 1.
Optimise
Blurred Lines
61% of sales are digitally influenced
Electrically influenced purchased?
PostNord Retail Day 2018  Tom Goodwin
The internet has changed our behavior and expectations a lot.
How have stores changed?
PostNord Retail Day 2018  Tom Goodwin
The Storefront is Everywhere
INNOVATION WITH SHOWROOMINGBridge worlds
Every digital screen is the start and end of the purchase funnel
And its a swipe
The Stockroom is Infinite
The Internet Creates New Possibilities
Not Everything New is Exciting
You dont need a
eCommerce Plan
A mobile first approach
Omnichannel plan
Mobile app plan
Voice Plan
You need a holistic strategy for selling
and relationships in the modern world
Take out 2
{Amazon Plan
Horizontalization of Commerce
The Internet is making business horizontal
Increasingly our relationship moves to the
product brand not the retailer.
Or the aggregator
The role of bundler is diminished.
Low Interest categories under threat
Are you chasing unprofitable growth?
What is the role of your store in the modern era?
Take out 3
Why does the world need you?
How does the modern era affect your brand?
Are you leaping off a cliff chasing expensive growth?
Democratization of Commerce
PostNord Retail Day 2018  Tom Goodwin
Funding is easier
Sourcing is easier
Layers to help
Layers to help
Advertising is easier
Brands as reputation, vastly changed by era of reviews
Digitally Native Vertical Brand
betablinds.com
Why dont you unleash the power of todays
technology, consumer expectations and business
dynamics to leverage what you have?
Take out 4
- Technology is amazing, use it.
- Focus what is on possible, not what has been done before.
- Dont pull through the old via a new frame, reimagine
- Be an experience or be slick
- What is your role in the modern era? Maximize?
- Focus on people not technology, in the modern age.
In Summary
Thank you
New Disruption.
- The Power of the Paradigm Leap.
Thank you
Tom Goodwin
@tomfgoodwin

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PostNord Retail Day 2018 Tom Goodwin