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The future of retail
Mark Chin, CEO w3bstore.com
Omnicommerce
and how your business gets there
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
14.6
1.4
0
2
4
6
8
10
12
14
16
eCommerce Retail
U.S. Census Bureau News – Feb, 2016
2015 % Growth rates
eCommerce vs Retail
“I want us to stop talking about digital and physical retail as if they’re
two separate things. The customer doesn’t think of it that way, and
we can’t either.”
Doug McMillon, Walmart CEO – 2015
More loyal Mobile & online shopping impact
50% $1.8T
Customer driven opportunity
Higher spend
15-30%
http://www.pymnts.com/exclusive-series/2015/are-retailers-ready-for-the-1-8t-omnicommerce-opportunity/
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
•  Engaged
•  Empowered
•  Served
Customers are
...and they’re demanding it with their actions
The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again.
• Availability, pricing, video
• Reviews and comparisons
• Related products, bundles
• Digital coupons, Wishlists
Engage the customer
Leverage eCommerce strengths across every channel
Empower the customer
Customer decides origin, destination, delivery method for every item
• Pre-sales assistance
• Shared order history
• Returns to any store
Serve the customer
One view shared by the customer and the store.
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
Current platforms
have legacy issues.
•  Silos of data create back office mess
•  Complexity creates security issues
•  Sales limited by channel
eCommerce platforms
…are just the tip of iceberg. Every sale needs backoffice support.
Orders Inventory Accounting Shipping
Each backoffice platform has it’s separate
copy of data
Retail platforms
Inventory
Accounting
Orders
Orders
Orders
..are more than just POS
Distribution
Data synchronization is a bandaid
•  Orders
•  Customers
•  Inventory
eCommerce
Retail
Which copy do you trust ?
Which building is more secure?
Pop Quiz
Complexity opens the door to hacking
Order Management
Inventory
Management
& COGS
Fulfillment
•  Inefficient
•  Fragile
•  Limited
•  Costly
Other multi-platform issues
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
Time to do omnichannel
right!
No more patchwork
The front office is just the icing
You need all the layers
Front office
Back office
Management
Data
One secure datastore… One backed copy to manage. No data integrity issues. No login hell.
Customers Orders
Inventory Fulfillment
Multi-location backoffice
• Shipping & Tax
• Orders
• Inventory
• Fulfillment
Management console
Unified channels require unified management
Service
Simple
Secure
Infrastructure
Scalable
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
Adoption methods
Migrate
• Big bang adoption
• One website
• Replace legacy
Co-exist
• Flexible adoption
• Two websites
• Legacy unchanged
Integrate
• Flexible adoption
• One website
• Add to legacy
Start over or gradually adopt omnicommerce over time
Implementation steps
Add
products
Add
branding
Add
business
rules
Why • Why omnicommerce
What • What omnicommerce is
Problem • Where we are today
Solution • Where we want to be
How • How to get there
Who • Wrap-up
Thank you!
Mark Chin
CEO and founder
w3bstore.com
mark@w3bstore.com
(954) 800-0392
https://www.linkedin.com/in/mark-chin-492734

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Omnicommerce the future_of_retail