The consumer goods and services industries will witness changes of a lifetime in next few years. The crucial force is responsible to bring this change is “Digitalization” which is already revolutionizing various other businesses. ITConnectUS strategies and policies see the major main drivers of success which consumer companies. The drivers are powered by digital and innovative technologies which the consumer goods and services industries leaders must use to transform their businesses for upcoming and beyond.
DIGITALIZATION TO UNDERSTAND AND CONNECT
On an average, customers have more than a million products globally which compromise loyalty and security. Connecting and integrating digital technologies into the business will help firms solve numerous problems.
Role of Emerging Technologies
The technologies going to be playing a key role in future impacting retail and CPG industries value chain ranges from digital traceability to robotics. For e.g. Digital Traceability will with
Other technologies include Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI) and Virtual Reality (VR).
Testing New Online and Offline Business Models
Conquering an Omnichannel methodology is the key. Consumer and Good services industry leaders are also already tackling with digitally transformed business models like:
Most Important Capabilities To Thrive The Future
The merger of the digital and physical realms is developing from a wide range of corresponding services to a truly unified experience. The Digital Voice Assistant (DVA) device in its objective form feature is primary in this development, as it makes services easy to access.
OTHER IMPORTANT TECHNOLOGIES THAT CAN TRANSFORM CONSUMER GOODS AND SERVICES SECTOR
HOW WE DEFINE A DIGITAL LEADER
WHAT’S NEXT ?
Taking a universal approach to operating model transformation vs. business model transformation
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