Emerging trends in retail

May 30th, 2006 at 07:58am David Bush - Iasta

We have seen a very significant increase in customers and interest from the retail sector and I recently came across this article which is a broad overview of the industry and trends. Of particular interest:

4. Preponderance of web driven sourcing.
Retailers will use Systematic and Spot sourcing from the many B2B sites to meet their requirements of core merchandise as well as peripherals.

Considering the very broad things discussed in the article, the fact that sourcing processes was listed 4th, I feel is very important and interesting. Although not retail specific, this article also came out recently which played on the executive management angle, which is demanding change and innovation to drive corporate growth. The first sentence states, “In a study unveiled by IBM Business Consulting Services, 65% of the world’s top corporate CEOs declared that due to pressures from competitive and market forces, they plan to radically change their companies in the next two years. “

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Entry Filed under: Functionality, General, Technology / SaaS, e-Sourcing Marketplace