If you are Amazon, a major brick and mortar retailer or retail focused real estate developer, this post is your wake up call. In 2012 Jack Ma, founder of Alibaba made an aggressive $16 million (100 million RMB) wager on the future of Chinese retail with Wang Jianlin, head of Dalian Wanda Group, a leading privately-held conglomerate (major retail developer) based in China.
Earlier this year, I made some predictions in Innovate or Die: 5 Omni-channel Strategies Amazon is Trying to Outrun. As a part of those predictions, I talked a little bit about the "barbell effect" and how there would be a dichotomy between luxury/high-end, customized, boutique firms that offered a unique customer experience for a premium and hyper-local/convenience …
Continue reading "LUXLOCK: The Internet of Product (IoP) and “The Barbell Effect” in Action."
Hyperlocal online retail businesses are popping up in dense urban areas all over the world. I've been calling it the "mom and pop" reaction to big online retail firms. In this post, I'm going to breakdown what a hyperlocal eCommerce business is and what we can expect to see in the next couple years.
Employees and executives managing real estate transactions are not just filing leases anymore and they provide more value than ever. Companies in a low margin industry, like 3PL, can live and die by their real estate decisions and practices.
If you are an online retail executive, you are being hounded daily by vendors peddling technology solutions all in the name of reduced costs and enhanced customer experience. If you are currently vetting vendors or plan to consider upgrades in the near future, please consider the following to help you make a better decision.
While Amazon is a force to be reckoned with and their game changing innovations have raised the standard in omni-channel retail, it is only a matter of time before the large retailers close the gap and begin to stifle Amazon's current growth rate. Amazon hasn't won any prizes yet, and knows it.
