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When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows.
And platforms that don’t innovate to support the gig economy’s payment needs will soon find themselves obsolete. 50 percent: Share of the American workforce that will be made up of gig workers by 2028. Paper checks are still popular with firms that pay freelancers, even though workers want faster digital payments.
billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass. This might attract customers, but retaining them requires constant innovation. The clothing rental market in the United States is projected to reach $4.4 Johnson said.
Gig workers will make up a full half of the American workforce by 2028, responsible for creating online content, designing webpages and conducting local food or historical tours, as well as ferrying passengers for rideshares or renting out their homes on homesharing platforms. This growing segment of workers took home $1.4
It will be possible to support emerging areas, such as the gig economy, with innovative new service products like insurance. 40 percent: Share of all packages ordered online expected to be delivered within two hours by 2028. 40 percent: Share of all packages ordered online expected to be delivered within two hours by 2028.
Innovations are apparent in the apparel and fashion industry, with new models like clothing rentals, subscription services and “try-before-you-buy” offerings providing an improved customer experience even when shopping online. billion by 2028. It’s not just traditional retail models that are getting makeovers.
percent CAGR is considered one of the more conservative estimates — more aggressive forecasts put that figure north of $200 million by 2027 to 2028. But for a more recently emerging wave of skincare and cosmetics innovators, that men don’t buy skincare products isn’t a failing of interest on the part of male consumers. And that 4.37
As Ron Shevlin , our chief research officer, blogged : “Banks need to stop playing innovation charades. Ditto for retail customers. Competing with these kinds of tech companies requires something bankers aren’t known for: imagination. But that gap must shift. Well, guess what? Your small-business customers need cash flow tools.
In short, Amazon gets even more knowledge about the average (or not-so-average) shopper – knowledge that can guide further development of Prime and other Amazon-backed programs and innovations. The program also gives participating retailers a chance to attach themselves to those search queries via sponsored posts.
We see this expanding, and developing; beacon technology is already in play with some retailers, and drone deliveries are no longer just pure fiction. Indeed, deliveries with an hour of order are a stated aim of some retailers and drones may just be the way to get them there.
GET the 54-page retail TRENDS report. Download the free report to learn about the biggest emerging trends in retail and strategies to watch for 2019. Fueled by social media, consumers want to get a hold of the latest trends as quickly as possible, and retailers must rapidly increase production to meet demand. table of contents.
Samsung and AT&T have partnered to create the United States’ first manufacturing-focused 5G “ Innovation Zone ” in Austin, Texas. 5G could lead to innovative solutions in energy production, transmission, distribution, and usage. This testing ground aims to demonstrate how 5G can impact manufacturing. Energy & Utilities.
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