Retail is becoming more complex than simply selling goods to customers visiting a store. Digital technology is fundamentally changing the nature of retail. Modern retailers have to make their goods available via websites and mobile apps, run e-commerce websites in parallel with brick and mortar stores, deliver goods to the consumer's front door and be actively present on social media.
Consumers are becoming more demanding and they are now driving change by pushing businesses to provide more innovative, smarter and more personalised products, services and advertising. Consumers expect a seamless experience across all channels, quick and secure payments.
For entrepreneurs, these challenges can be both daunting and rewarding. While some retailers will disappear, some will grow if they can find better ways of reaching out to customers and be better prepared to compete with new and existing market players.
The debate will focus on:
Lambert van Nistelrooij MEP and EIF Steering Committee Member
Margriet Keijzer, Head of EU Office, Detailhandel Nederland / Dutch Retail Association
Peteris Zilgalvis, Head of Unit, Start-ups and Innovation, DG CONNECT, European Commission
Matthew Mayo, Vice President, Merchant Business Development, MasterCard