New competitors coming out of the woodwork. Retailers are not just competing with other retailers or suppliers that are selling similar goods, they are also competing with other businesses for the attention of the consumer. Ecosystem competition based on lifestyle is key. Competition will be between ecosystem demand chains. No single company will dominate either a lifestyle or an ecosystem.
Cooperation becomes as important as competition.
Everyone competes with everything. The growing importance of place. Location has always been the watchword of the successful retailer. Demographics suggest a more footloose population. Many empty nester Baby Boomers and their Echo Boom children will leave the suburbs for the city.