Even before the coronavirus pandemic changed physical retail forever, new technologies and changing customer expectations had already radically altered the industry landscape . As retailers attempt to cope with these massive shocks, a technology arms race has emerged to provide key players with the tools to thrive throughout their transformation. The reward for the winners is dominance of a $20T industry.
For entrepreneurs and traditional and corporate venture capital, this is a once in a lifetime moment. By 2030 technology will directly impact over a third of all retail business tasks and activities, fundamentally altering the mix of labor and technology calibrated to deliver a retail business’ value proposition to its customers. For entrepreneurs and traditional and corporate venture capital, this is a once in a lifetime moment. By 2030 technology will directly impact over a third of all retail business tasks and activities, fundamentally altering the mix of labor and technology calibrated to deliver a retail business’ value proposition to its customers.
Today, as the world begins to emerge from the dual health and economic crises provoked by the pandemic, retailers and brands must reimagine ways to draw customers back in or reach them in alternative ways. As a result, 19 retail tech unicorns were created in 2019 alone. With three-quarter of retailers planning to increase technology spending still more over the next five years, the sector offers unparalleled investment opportunities. Rokk3r’s Retail Venture Builder will be at the vanguard of this new retail revolution, offering a structured, risk-mitigated methodology for developing transformative platforms, brands and technologies that help retailers exceed elevated consumer expectations and protect and expand market position.
Interested in learning more about our Retail Venture Builder? Download the Retail Venture Builder overview and request an investor’s prospectus.
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