This IDC Perspective brings together IDC's horizontal Future of Customers and Consumers (FoCC) research and applies an Asia/Pacific retail lens. Retailers can take this framework to retail transformation use cases and apply this to their road maps as they move into the next normal."Retail is undergoing a massive transformation; many companies...
This IDC Perspective discusses key takeaways from the IDC European Retail Executive Digital Forum 2020, an online event that took place on October 20, 2020. The next normal offers great opportunities for retailers that fully embrace Commerce Everywhere business models that focus on CX, are supported by robust inventory management, and complemented...
The Global Big Data Analytics in Retail Market size is expected to reach $14.1 billion by 2026, rising at a market growth of 23.4% CAGR during the forecast period. Big data describes a huge volume of data that is utilized to uncover trends, patterns, and associations, particularly related to the behavior and interactions of humans. For the...
Like most countries, the Dominican Republic has been significantly impacted by the onset of the COVID-19 pandemic in 2020. The virus, and the government’s management of it, have affected sales of hot drinks in different ways. The most drastic of these has been the closure of hotels and restaurants, coffee shops and specialist coffee stores...
In 2020, the greatest impact of COVID-19 on hot drinks in Costa Rica pertains to the mandated closure of foodservice outlets for several months, with a sharp decline in foodservice volume sales expected. Overall, off-trade consumption is not expected to compensate for the closure of on-trade outlets, as the total volume sales of hot drinks...
Overall, growth in value sales of hot drinks is expected to be dampened due to COVID-19. Though foodservice will be affected more severely, retail value sales are also expected to be lower, as a result of COVID. This is largely due to a worsening economy. Kazakhstan is largely dependent on oil and with global oil prices down due to decreased...
The impact of COVID-19 on hot drinks is reflected predominantly in the temporary closures and reduced capacities of foodservice establishments. In addition, Slovenian consumers have increasingly been adopting a more conscious approach to consumption that promotes health, which has led to a growing emphasis on the functional characteristics...
COVID-19 is expected to greatly benefit hot drinks with healthy retail value and volume growth across tea, coffee and other hot drinks. Even with the dramatic downturn in foodservice volume in 2020, overall volume and current value sales are expected to be higher than in 2019. With strict lockdown measures for much of 2020, and people spending...
When lockdown restrictions were introduced in Ireland, all categories saw an increase in demand, as consumers stockpiled goods such as coffee and tea. Equally, consumers spending more time at home and working from home meant that demand for these products was higher. The first half of 2020 saw record sales in Irish supermarkets, with coffee,...
COVID-19 has shown two facets of hot drinks in Brazil; the resilience and enduring potential of the market at the retail level, and the fragility of on-trade consumption. The latter declined significantly in 2020, as regional lockdowns forced foodservice outlets across the country to close for almost six months, and consumers were slow to...