source is [@Benedict Evans]
Retail companies that have focussed their business model optimising their distribution and lowering their margin to increase their reach. Building on the more scalable Z/contactless convenience
examples: Amazon, Argos
as opposed to L/retail as experiences and services
The opposing force of Z/contactless convenience, are human interactions or experiences. The pandemic showed vividly the distinction between L/retail as logistics and L/retail as experiences and services. While Z/contactless convenience is a race to scale & lower margins, experiences are doubling down on the human interactions and premium (often physical) experiences.