Ascential Digital Commerce organised a live summit to spearhead discussions about Retail 5.0 — a revolutionary retail experience combining data and algorithms to deliver a high-customisable shopping experience.
Ecommerce, the vehicle for Retail 5.0, has enjoyed exponential growth over the last few years. Growing three times faster than store-based retail, it has developed into a sophisticated network of retail formats and channels, consisting of pureplay, omni-channel, quick commerce, social commerce, and B2B business models.
The APAC region alone generated USD120 billion worth of digital commerce sales in 2020, and is the birthplace of some of the biggest ecommerce players in the world — Lazada, Tokopedia, Shopee, Grab, and more.
Listen: Saad Ahmed, Managing Director, Regional Head of Merchants & Commercial, Grab, Xian Wang, VP Retail Insights, Ascential Digital Commerce, Jill Meng, Customer Success Director, APAC, Ascential Digital Commerce, Jasper Knoben, CEO, Intrepid, Ascential Digital Commerce. Fill out the form below to get a full recording of the live summit and PDF presentations.
Preparing brands for the onset of Retail 5.0
The 21st-century retail landscape is shaped by an omnichannel framework — ecommerce platforms co-existing alongside physical touchpoints. And in a world where data is king, algorithm-driven commerce is paving the way for mass hyper-personalisation, ushering in Retail 5.0.
Over the next five years, Southeast Asia’s ecommerce industry will generate USD25.6 billion worth of additional sales by 2026. These insights were amongst the many featured in Ascential Digital Commerce’s recent Navigate Retail 5.0 in Southeast Asia Live Summit.