BRE’s Future of Retail 2030 report contextualizes retail in the economy of 2030. The authors envision an economy in 2030 that is hyperlocal, automated, bespoke, and artisanal. The authors articulate a retail economy where ownership is largely independent, and retail experiences utilize tech such as 3-D printing.
Highlighted characteristics of retail in 2030
- 3-D printing’s on-demand impact on retail.
- Storefronts will be virtual after hours.
- Trust and transparency will become objective and measurable.
- A dynamic shift will occur in how goods are produced.
- There will be a return of on-shoring for a number of manufacturing processes.
- Delivery will be when and where you want it –without you even realizing it.
- There will be a Resurgence of Local Markets and Experiences.
- The Sharing Economy will be Commonplace.
- Flexible Lease Structures will be far more common.
- The Focus of Gas Stations Globally will shift as they become important mini-logistics hubs.
- Independent stores and food and beverage operators will be more prevalent.
- Retail will be leisure.
- There is a growing trend towards having traditional retail, food, beverage, cinemas, bowling, ice skating, etc. all available within one environment.