TRENDS FOR 2021 AND WHAT THEY MEAN FOR RETAIL AND POS

Feb 5

TREND 3: THE ENVIRONMENT

As the world slowed down in 2020, many began to question lifestyle choices and what is important for the future
IBM’s worldwide survey of 18,900 shoppers, published in June 2020 found that 57% of consumers are willing to change their purchasing habits to help reduce negative environmental impact. 71% of those that indicated that traceability is important are willing to pay a premium
The British Retail Consortium unveiled a climate action roadmap in November with the ambition that the industry should be carbon net zero by 2040
Speed of change is definitely of the essence – yet if 2020 has shown us anything, it is that we can all make monumental changes when needed
With COP26 in Glasgow in November and a push to ‘Build Back Greener’ it stands to reason that the Environment will stay at the forefront of the agenda for 2021

TAKE OUT FOR POS:

Understand your current carbon impact from POS and compile a roadmap for eliminating non-recyclable materials. Investigate all elements of the POS supply chain to think beyond Total Cost of Ownership to Total Cost of Life.

Phil Joyce