Unlocking the $2Tn Retail Opportunity in the Next Decade: An Activist Agenda
Retailers must balance growth and profitability consistently, which isn’t easy. How is retail evolving and what are the key shifts? Hence, what should retailers do?
For the 9th year in a row, BCG has partnered with the Retailers Association of India for the Retail Leadership Summit 2024. This summit is the biggest knowledge-sharing platform that brings together all the stakeholders from Indian Retail and will be held on February 28-29th in Mumbai.
The Retail Leadership Summit brings together all the stakeholders of the retail sector for a discussion on emerging trends in the retail sector. Over the years, this summit has become a platform where the biggest and brightest convene to exchange ideas, share business insights, and deliberate on all things retail on a macro-level.
Post-COVID, Indian retail saw a strong recovery, set to reach $2Tn in the next decade. However, growth in recent quarters has been slower owing to headwinds on spending and supply. Despite an optimistic industry outlook, retailers acknowledge the need for action. The BCG-RAI 2024 report "Unlocking the $2 Trillion Retail Opportunity in the next decade: An Activist Agenda" explores factors shaping retail and implores retailers to set an activist agenda for long-term value creation.
BCG’s leading subject matter experts & industry leaders will unite at the event to discuss the trends shaping the pace and shape of retail and the critical actions needed for creating long-term sustainable value and capturing the $2Tn opportunity.
Retailers must balance growth and profitability consistently, which isn’t easy. How is retail evolving and what are the key shifts? Hence, what should retailers do?
BCG, in association with RAI, has released its annual flagship report about "Leveraging AI and powering retail with analytics".
BCG, in association with RAI, has released its annual flagship report about the retail industry. The report highlights critical imperatives that retail industry in India needs to undertake in order to achieve $2 trillion valuation in next decade.
The report jointly developed by BCG and RAI details the shifts in consumer preferences. It also shares a path forward for retailers to lead and win in the changing demand dynamics.
This report talks about likely trends that could shape the industry in the next 5-10 years, considering multiple dimensions of consumer shifts, supply side innovations, data and technology driven disruptions, new competitive forces and regulations.
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