Executive Summary continued 1. Direct competition for Focus Transport Services Pty Ltd will emanate from other luxury bus transport providers that target a similar clientele.
Over the years, this recent sales tactic has grown in leaps and bounds with more retailers and shopping centres jumping on the bandwagon to offer South African consumers bang for their buck while creating an exciting environment to shop in.
Beyond the rapid rise of online shopping, retailers are spying innovative ways to hang on to traditional shoppers while diversifying both their channels and their wares. But what about independent retailers? Can small and medium businesses reap the rewards and profits from these two shopping events?
South African consumers are feeling the pinch as a confluence of forces put immense pressure on their wallets. There are hundreds of things that you have to consider. How is your time best spent?
Are there certain things that influence customers to buy more? Will certain strategies be more effective than other sales strategies? With the South African economy under pressure, retailers and their suppliers need to find ways to enhance efficiency and maximise resources.
To mirror the success of newer, online stores, large retailers are looking to modernise by establishing parallel online presences. The growth of mobile requires an effective view of multi-channel financial reporting and planning. And it has less to do with age and more to do with their increased buying power, tech savviness, global connectedness, environmental concern and an insatiable craving for instant gratification and the experiential.
How do women fare in the South African retail market? How liquid is the average women consumer? What does she buy? Does she have the buying power in a household and what does that household look like?
The proliferation of technology-driven purchasing means retailers are expected to keep up with the always-connected, digital-savvy shoppers. Could it be that global ecommerce has yet to successfully optimise for mobile checkout?
Keeping the customer at the centre point of all the activities is the present and future of all businesses, no matter how de-layered, outsourced, virtualised or re-imagined business becomes.
Meticulously planned and managed to efficiently and effectively facilitate the flow of goods, services, information and cash between entities when, out of nowhere, supply chain risks and disruptions stick their heads out and muddle up the system. The rise of robotics and bots are replacing today's workforce and we are unsure of the skills we will need for jobs of the future.
The exponential increase in online shopping has had a significant impact on how we buy our products. Long gone are the days when purchasing items was done from Monday to Saturday, between a rigid office-hours timeline. The evolution of e-commerce culture has particularly affected one demographic: So, what does this mean for brands?
Brands need to be where the consumers are and what better place than the mall environment. However, it's not AI creating sentient robots that will be changing our lives inbut instead, it will be how AI is applied within sectors like retail or financial services.
The research revealed South Africans spent R Consumer confidence, perception, and potential engagement with your brand is solely dependent on the overall quality and experience of your retail offering.
In addition, the entrance of international brands has added further challenge for local incumbents. The last weeks of also affected retail — fuel price increases and the ANC elective conference were among the disruptive forces that plagued the retail and shopping centre industry.
Innovations like artificial intelligence AIInternet of Things IoT commerce, robotics and 3D printing have impacted all elements of the retail industry.
This year, has been an economic challenge of note. Retailers and shopping centres alike have faced obstacles unlike previous years but despite this, many have remained steadfast and continue to weather the storm.Transportion business plan | This section of the executive summary addresses the competition, the competitive advantage, the management team and financial overview.
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