In: Operations Management
Your task: Write one paragraph on how the changing retail landscape might potentially affect your career plans. Your answer should include at least two specific retail changes that could alter the way your targeted employer or industry functions in the future.
Solution:
The retail is changing day by day. With the advent of internet and e-commerce there is significant change in the retail lanscape. The consumer behavior is changing and more and more people are preferring to buy from online sources rather than vising a retail source for their shopping neeeds. THis is one very vital change that impacts the retail industry the most.
Another change is the use of automation in retail. THis makes the consumer's journey inside the store effective because of the automation that is designed to help the customer make their purchases and find the products they wish to buy. THus, this is another change that is drastically changing the retail landscape.
HEnce, the automation and e-commerce are two major aspects that directly impact the reyail landscape. It is clear that with automation and e-commerce booming the retail would not need many employees to serve their stores and hence there will be firing of employees to downsize the retail company and use technology to become efficienct in their operations. Also, the retail industry would focus more on automation thus requiring human interaction only for pain points where customer is unable to resole her query on her own. HEnce, this is how the retaillandscape will change because of the two aspects of automation and e-commerce.