Remove 2027 Remove Consumer Remove Shipping Costs
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With Consumers Awash in Subscriptions, Brands Set Sights on Paid Membership

Retail TouchPoints

Some stats support the gloomy outlook: according to Kearney , 40% of consumers feel they have too many subscriptions, and subscription ecommerce is predicted to have its slowest growth year on record in 2023 ( Insider Intelligence ). Today, brands are competing for consumers’ share of wallet. The reality though is less stark.

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Alibaba Supply Chain Exec Recommends Futureproofing with AI, Blockchain and Crowdsourcing

Retail TouchPoints

In 2020 he joined Alibaba, where he is now tasked with developing the company’s strategy and building platform-level solutions around international shipping, logistics, cross-border trade and global expansion. This will cause the channel to continue to narrow, further reducing ship traffic.

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Navigating Delivery Disruption: 3 Questions Retailers Need to Answer

Retail TouchPoints

With each tightening of the delivery window, consumer expectations rose accordingly — not just for Prime members but for a wide swath of ecommerce shoppers. By 2027, the global last mile delivery market is expected to reach more than $200 billion , nearly double what it was in 2020. It comes down to cost and operational efficiency.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy.

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3 Marketplace Categories Where ‘White Space’ Still Exists

Retail TouchPoints

trillion dollars and account for 59% of all global ecommerce by 2027. “It’s I mean Walmart did it because they’ve got something like 5,000 engineers so they can build it themselves, but for other businesses it’s not worth the time and effort to build this technology in-house and maintain it — that’s expensive and slow.

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4 Ways QR Codes are Transforming the Retail Shopping Experience

Retail TouchPoints

According to GS1 US, a member of the GS1 global not-for-profit organization that develops and maintains global standards for barcodes, by 2027, 2D (two-dimensional) barcodes will become the de facto solution for CPG brands and retailers around the globe. This opens up a world of possibilities for both businesses and consumers.

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The Rise of Omnichannel Fulfillment: Dynamic Fulfillment Networks Create Opportunities for Brands

Retail TouchPoints

Retailers know that despite high inflation and a volatile economy, consumer expectations are at an all-time high. Research shows that the majority of consumers want next-day delivery. billion by 2027. Yet consumers don’t want to pay for speed. online shoppers expect free two- to three-day shipping.”.