Necessary Adjustments in Retail Immediately
In the ever-evolving world we live in, the retail industry is not left behind in the race of progress. Gary Hawkins, a renowned retail industry expert, has recently published a book titled "Bionic Retail: How to Thrive in an Exponential World." This groundbreaking work, published in Canada, sheds light on the importance of innovation and overcoming obstacles to create a new vision for retail.
Hawkins argues that the retail practices of the past will not suffice for future success. To thrive in this exponential world, retailers must adapt and change. The book delves into strategies for overcoming obstacles and creating an inspired vision for the future of retail.
In a recent interview on The Small Business Radio Show, Hawkins discussed the critical role of innovation in shaping the future of retail. He emphasised the need for a committed action to create a new future, one that caters to the changing consumer behaviour, post-pandemic retail operations, and the creation of value in in-person spaces.
Hawkins also highlighted the importance of giving customers a reason to walk into a store and stay to buy something. He believes that retail technology must change to reflect an evolving society, and the retail industry must adapt to these changes to stay relevant.
The interview also touched upon the impact of Hawkins' principles on more than just economics. They also have far-reaching implications for human longevity in the future. The retail industry, he suggests, has a unique opportunity to use accelerating innovation and never-before-possible capabilities to create a powerful vision for retail's future.
The retail landscape is undergoing significant changes, even at giants like Amazon, Walmart, and Kroger. The gap between past and future retail practices is growing, and the future of retail is yet to be defined. However, Hawkins is optimistic. He believes that the future of retail is not predetermined; retailers have the power to shape it through committed action and innovation.
In "Bionic Retail," Hawkins provides a blueprint to help the retail industry thrive in an exponential world. His vision is a call to action for retailers to create their own vision for the future, seizing the unique opportunity to shape the industry and redefine the retail experience.
