09 Jul A NEW WORLD OF LOGISTICS: WHAT DO DISTRIBUTOR AND WHOLESALE FUTURISTS DO?
Given how big the wholesale and distribution industry is, you may be wondering: How do wholesale futurists and keynote speakers help companies stay one step ahead of it? Needless to say, there’s tremendous value in watching and staying well-attuned to emerging trends and changes in the field. Bearing this in mind, many wholesale futurists might spend a considerable amount of time performing tasks such as analyzing market data, demographic trends, and technological advancements to forecast how the wholesale/distribution sector might evolve over time. Various business and competitive insights can then be used by firms to improve their corporate strategies, increase efficiency, and remain competitive.
By way of illustration, the sorts of projects these folks might be tasked with could include, but aren’t necessarily limited to, the following list of assignments and options:
Market Research: Reviewing and studying current market trends to get a sense of potential future changes. We’re generally talking about doing things like studying the economy, consumer habits, and other macro and micro factors.
Technological Forecasting: Keeping up with high-tech advancements in order to anticipate how these shifts and upgrades could change the wholesale industry. For example, wholesale futurists might research and predict developments in automation, AI, and logistics technologies.
Social Changes: Studying cultural and demographic shifts to get a better sense of how they could affect demand for various goods and the impact and influence of different firms in the marketplace.
Competitive Analysis: Looking more closely and deeply at what competitors in the wholesale and distribution sector are doing, and trying to map out how their strategies might change in the future.
Scenario Planning: Developing different potential future scenarios to help wholesalers prepare for a range of possibilities. By planning for them in advance of these scenarios arrival, firms can get better at dealing with potential scenarios that may arise at a later date.
