Are you Ready?

 Automation and digitalization are poised to disrupt the massive fast-moving consumer goods retail industry in surprising ways, ensuring a dramatic restructuring that many companies won’t survive. 

The realities of automation and digital transformation are pressuring the FMCG retail industry to adopt new capabilities in realtime even as the forces of change have intensified in the wake of the COVID-19 crisis. The good news is that Retail 4.0 opens the door to exponential value creation, giving traditional retailers the opportunity to level the playing field with digital-native competitors. The bad news is that companies need to prepare their organizations for convulsive change, embracing new practices, processes, and business models.  

Will the retail industry be ready for a future arriving sooner than expected?

“The future will be far more surprising than most people realize, because few observers have truly internalized the implications of the fact that the rate of change itself is accelerating....”

Ray Kurzweil, The Singularity is Near

Introduction | 5

A New Digital Reality | 6

A Lexicon for the Digital World | 8

Converging Technologies Accelerate Digital Everything | 9

Digital Doppelgängers | 10

Spatial Web / Web 3.0 | 11

AI-Powered Metamorphosis | 12

Where Did All the People Go? | 14

AI-Powered Smart Objects | 16

Automating AI-Powered Revenue Growth | 17

The Gateway to Exponential Value Creation | 19

 

Retail 4.0: A New Business Model for FMCG Retail | 21

In the Digital World, Speed Rules | 24

Are You a Caterpillar or a Butterfly? | 27 

It’s All About Possibilities | 29 

Mind the (Expectation) Gap | 31

Planning in a Time of Exponential Change | 32

Guardrails for an Uncertain Path | 33 

Three Steps to Prepare for the Future | 34 

Call to Action | 37

Additional Resources | 38

About Gary Hawkins | 39

Gary Hawkins has lived his career ahead of the curve, putting him in the right place at the right time to help guide the fast moving consumer goods retail industry into the future in a time of exponential technology growth using never-before-available capabilities to innovate the future of shopping.

Hawkins is the Founder and CEO of CART (Center for Advancing Retail & Technology). CART’s mission is to connect retail to new innovative capabilities through programs, events, and education. Knowing that awareness and discovery of new technologies are only one part of future success, the CART team is at the forefront of helping retailers, wholesalers, brand manufacturers, and solution providers cultivate a culture of innovation and agility through a proven process and approach. On the other side of innovation lies strategy development, technology roadmaps, and systems assessments. Hawkins and his team are uniquely positioned to assist retailers in preparing for the future.

Hawkins’ work is built on a legacy of driving retail industry innovation. Early in his career, understanding the transformative power of technology, Hawkins launched one of the first loyalty programs in the US supermarket sector, quickly leading industry learning around shopper insights and analytics. That work soon expanded to assisting premier retailers in markets around the world in gaining customer intelligence. Next up was helping global CPG brand manufacturers develop a shopper focus and leverage customer insights and analytics into collaborative marketing initiatives with key retailers, laying the foundation for today’s shopper marketing movement. Realizing the ineffectiveness of mass marketing across the supply chain, Hawkins leveraged early insight to new innovative technologies to develop and deploy the first personalized marketing system for mass retail, driving industry focus on the power of marketing personalization.

Hawkins leverages his unique perspective into his role as board member and strategic adviser at select companies bringing exciting and game-changing capabilities to the market. Retail Mindsteps (retailmindsteps.com) serves as Hawkins’ personal blog and repository of the myriad articles and papers written for industry publications where he distills the complexity of tech-fueled retail innovation into digestible and actionable insights. Hawkins is the author of three books including the latest, Retail in the Age of ‘i’, that explores the future of retail propelled by the exponential growth of technology. In addition, Hawkins is a regular guest lecturer at Georgetown University’s McDonough School of Business in addition to keynoting retail conferences in the US and abroad.