Singapore Retail Technology and Innovation Summit
Date : 31 March, 2020
Venue : Singapore Marriott Tang Plaza Hotel, Singapore
ASIA IS TAKING THE LEAD IN RETAIL INNOVATION
Asia is and will be a major player in the changing retail landscape, Technology is rewriting the face of retail
It is projected that the value of retail sales in Asia Pacific will reach US$11.8 trillion by 2021, representing a tremendous opportunity. Today, e-commerce is just 14.7% of current total retail sales, valued at US$1.3 trillion. However e-commerce is expected to double by 2021 to US$3 trillion and represent 25.4% of total retail sales in Asia-Pacific, making the region one of the largest and fastest growing markets globally. This growth has been influenced by factors such as rising income levels and the social experience of going to the mall as time to spend with family and friends where buying is not the only priority. Outside of China, online retail is just a small percentage of sales in the region (at less than 3% in Southeast Asia). This has prompted businesses to refocus their efforts towards delivering engaging offline experiences to capture a new generation of buyers.
With digital redefining retail, newer business models will rethink the use of technology in creating and capturing new sources of value
Digital influence—the degree to which in-store sales are influenced by digital in the shopping journey—is growing at an intensifying pace. By 2020, research has indicated that almost 100% of all in-store sales will be affected by mobile technology and easy access to digital information. With information at their fingertips, consumers now expect a new type of experience: one that is individual, where commerce is hyper-convenient, and where technology enhances the experience. Digitalization enables Reimagined shopper engagement: omnichannel commerce and segment-of-one marketing; Digitalization based Personalised marketing has become a reality as retailers build a true 360-view of a customer journey that captures all interactions, contexts, and behaviours. New Technologies enables reimagined retail processes: connected warehouses, automated dynamic pricing.
Retail Innovations Asia is the Asia-wildcelebration of retail innovations. It’s the marketplace for ideas and relationships, a chance to forge new partnerships, try out best-in-class experiences and learn from Asia’s biggest players transforming retail today.
Retail Innovations Asia will be hosted in Singapore, the Hub City connecting Asia’s business executives. It’s designed to help Retailers to navigate the changing landscape, giving retailers unedited access to the people, the strategies and the insights that help retailers to stay on trend and gain competitiveness. It aims to extend the conversation to all organizational areas responsible for technologies that impact consumers.
The event will unite the entire retail ecosystem across Singapore, Indonesia, Philippines, Malaysia, Thailand, China and more. Event programs includes keynote sessions, roundtables, lucky draw, award ceremony, dinners and one-on-one meetings.
During the two days courses, there will be 60+ speakers and panellists from the leading retailers, thinkers, innovators across the globe to share their insights, knowledge and best practices on the following 4 sessions:
A.consumer engagement innovations
B.online/offline retail innovations
C.future store experimentation
D.seamless social commerce innovations
There will also be an exhibition and showcasing of the latest technologies and innovations available globally for retail industry. The event is the ideal platform to connect retail leaders and to get updated, inspired & marketed in the market. The event is the most important retail innovation themed gathering for retailers and solutions providers.
