The Dubai Experience
The year 2019 ushered in a period of Uncertainty brought about by subdued global and regional growth levels. Coupled with evolving consumer tastes and the rapid proliferation of disruptive technologies, retail industry players are faced with the challenge of continuing to boost the productivity of their spaces while cutting costs.
From this stems the need to innovate, adopt new agile ways of working, and abandon the traditional models of doing business in order to thrive. As a result, some are examining the interplay between brick-and-mortar and online retailing in order to economize and keep up with growing trends.
As retailers continue to grow their consumer base and promise more choice and convenience, this is often being supported by warehouses and distribution centers. To this extent, both industries are slowly merging to create what is being labelled ‘retail logistics’.
As a global leader in retail and logistics, Dubai has been susceptible to this shifting landscape and dynamics, which is leading to the rapid growth of retail logistics as an industry of its own. With older industrial spaces struggling to cope with high volume orders and fulfillment demands, a new of wave of innovative solutions are being incorporated to ensure retailers act quickly to support customer demand.
- What are the global trends shaping the retail and logistics sectors?
- In the context of Dubai, what are the key challenges faced by the retail and logistics sectors?
- What are some of the technologies that need to be adopted in order to support the coming together
of retail and logistics?
- What are the key recommendations for real estate industry players in Dubai?