A number of far-reaching trends are disrupting the fuel retail market. Among the most powerful of these are:
1. The rise of alternative fuels-particularly electricity.
2. The emergence of new transportation models.
3. And the evolution of heightened consumer expectations around convenience and personalization.
The impetus for these disruptions comes from an array of powerful new digital technologies (everything from artificial intelligence (AI), to robotics, to the Internet of Things (IoT)).
The ongoing shifts will alter the competitive advantage in the petroleum retail industry and will require a total overhauling of her standard business model.
Fuel retailers must therefore develop a comprehensive response that adjusts the products and services they sell. They have to consider altering the layout of their service stations and convenience stores, and harnesses new digital tools.
Having the knowledge that, preparation meets opportunity, KINDOJU continues to keep her clients up-to-speed with, industry trends and resources to stay ahead of competitors.