How do retail companies in Asia adapt to digital transformation (DX)?
GLOBAL ANGLE Pte. Ltd.
Offering global market research and global business consulting services.
In this edition of Across Asia, we explore 3 innovative forms of digital transformation (DX) that retail companies have embraced, along with the outcomes of these implementations.
In the world of continuous technological advancement, the retail industry must adapt to evolving demands for both B2B and B2C sectors. Let's look into how companies in the industry have adapted DX into physical and online retail environments with the following 3 methods:
1. AI-based ordering systems
Artificial Intelligence is an ever-changing technology that shapes the operations and customers' experience in the retail landscape. AI enables retailers to analyse previous sales and predict customer behaviour, thus identifying trends and predicting future demands.
How AEON utilises AI-based ordering systems
About AEON: AEON Retail, one of Japan's largest retailers, is renowned for its malls. As of the end of February 2023, AEON Retail operated 352 stores with sales reaching 1.7515 trillion Japanese yen. In 2022, AEON Retail ranked No. 1 in sales within the general merchandise store industry.
PHOTO BY: AEON (posted through The Mainichi)
Results
2. RFID technology to enhance supply chain efficiency
RFID technology, also known is Radio Frequency Identification, is used to tag objects. This process enables tagged objects to be identified and monitored throughout the entire supply chain
How Uniqlo utilises RFID technology
About Uniqlo: An international apparel chain from Japan, maintains a global retail presence with 2,434 stores. Uniqlo's casual, cost-effective, and high-quality products appeal to consumers across various countries, each with distinct cultural and fashion preferences.
Photos By: Belle Lin (The Wall Street Journal), ryutsuu.biz
Results
3. Transforming business models through the implementation of existing technologies
How Momoshop transforms business models through the implementation of existing technologies
About MomoShop: A premier e-commerce platform in Taiwan, has undertaken a comprehensive digital transformation to enhance its retail capabilities and maintain competitiveness in a rapidly evolving digital landscape.
Source: MomoShop Website
Results
领英推荐
Note: This edition is an excerpt and has been condensed from our full report "Retail DX in Asia". To view the full report, contact us today.
Further reading on the Asian Market
Sources
About GLOBAL ANGLE
GLOBAL ANGLE is a global market research and business consultancy start-up offering invaluable insights to help businesses thrive in an interconnected world. With its local researcher network of over 200 individuals in over 90 countries, GLOBAL ANGLE can carry out localised market research in any location in the world. With its experienced team of consultants, and thorough analysis of research insights, the firm is well positioned to elevate businesses and set them up for future success.