Millennials are quickly becoming the generation with the greatest purchasing power and their hyper connectivity is making the retail environment more complex. They expect the speed, convenience, experience and value of companies like Uber and Netflix with every transaction. How can traditional retailers compete? This session will dive deep into the emerging innovations in ecommerce business models using a leading subscription-based retailer, RocksBox, and an on-demand wholesale grocery delivery model, Boxed, as examples. RocksBox and Boxed will be joined by two forward-thinking investors to discuss what makes a successful model in today’s ecommerce landscape -- and what the future holds for retail.
- Identify today’s most innovative e-commerce models, including subscription, on-demand, consumer-to-consumer, mobile and wholesale delivery.
- Embrace the millennial-influenced retail trends and use them to cut the three biggest retail cost centers: brick-and-mortar stores, labor and inventory.
- Provide a compelling user experience with lower prices, following in the footsteps of Amazon, Uber and Netflix.