Are we seeing the democratisation of retail right now? The barriers to entry are being crushed. All sectors of retail, supply chain, manufacturing, product design and commerce is essentially becoming open source and accessible to all. This welcomes a flood of competitive start-up businesses that can compete on a level playing field with established global corporates. In this episode, join Oliver Banks to explore what this means for incumbent retailers and customers.
Listen to this podcast episode of the Retail Transformation Show podcast now and discover:
- Why the retail and commerce sectors are becoming more open and accessible.
- How ecommerce is leading the democratisation of retail
- The one sector that has not been made available to smaller companies.
Share thoughts and drive transformation
Share your thoughts and builds on Oliver’s concept of the democratisation of retail. Are there other areas that you’ve seen democratisation in progress? Do you think there is a different force at play? Reach out to Oliver to share your thoughts.
And if you’d like to consider more specifically how your organisation can take advantage of this movement, then reach out and explore how OB&Co can support you.
📧 Email on oliver.banks@obandco.uk
🔗 Connect with Oliver Banks on LinkedIn and send a message.
Additional episodes of the podcast to listen to next
In episode 296: Reimagining The Role Of The Physical Store, Oliver explores 10 new roles of the physical store. These offer a great opportunity to differentiate from the competitors, so this makes a great next listen.
With rapid speeds of change and an ever-increasing competitive landscape, it’s vital to consider approaches to tune up the fitness. Listen in to episode 250: Becoming Fit For The Future and explore how to reengineer your business on key building blocks.
And of course, you should also check out Oliver’s brand new weekly podcast: The Retail Show. This is the sister podcast of this show and features useful news and relevant views. Listen to the latest episode below:
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