Company profile

Future of Tesco

#
Rank
421
| Quantumrun Global 1000

Tesco PLC is a British global general merchandise and grocery retailer, headquartered in Welwyn Garden City, Hertfordshire, England, United Kingdom. It is the 3rd biggest retailer in the globe measured by profits and 9th-biggest retailer in the globe measured by revenues. It is the leading grocery market in the UK, Thailand, Ireland, and Hungary,

Home Country:
Industry:
Food and Drug Stores
Website:
Founded:
1919
Global employee count:
482152
Domestic employee count:
335061
Number of domestic locations:

Financial Health

Revenue:
$54433000000 GBP
3y average revenue:
$58305000000 GBP
Operating expenses:
$1852000000 GBP
3y average expenses:
$2066000000 GBP
Funds in reserve:
$3082000000 GBP
Market country
Revenue from country
0.80

Asset Performance

  1. Product/Service/Dept. name
    UK and ROI
    Product/Service revenue
    37189000000
  2. Product/Service/Dept. name
    International
    Product/Service revenue
    10208000000
  3. Product/Service/Dept. name
    Tesco bank
    Product/Service revenue
    955000000

Innovation assets and Pipeline

Global brand rank:
99
Total patents held:
29

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the food and drug store sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, RFID tags, a technology used to track physical goods remotely, will finally lose their cost and technology limitations. As a result, food and drug store operators will begin placing RFID tags on every individual item they have in stock, regardless of price. This is crucial because RFID tech, when coupled with the Internet of Things (IoT), is an enabling technology, allowing the enhanced inventory awareness that will result in precise inventory management, reduced theft, and reduced food and drug spoilage.

*These RFID tags will also enable self-checkout systems that will remove cash registers entirely and simply debit your bank account automatically when you leave a store with items in your grocery cart.

*Robots will operate the logistics inside food and drug warehouses, as well as take over in-store shelf stocking.

*Larger grocery and drug stores will transform, in part or in full, into local shipping and delivery centers that service various food/drug delivery services that deliver food directly to the end customer. By the mid-2030s, some of these stores may also be redesigned to accommodate automated cars that may be used to remotely pick up their owners’ grocery orders.

*The most forward-thinking food and drug stores will sign customers up to a subscription model, connect with their future smart-fridges and then automatically send them food and drug subscription top-ups when the customer runs low at home.

COMPANY’S FUTURE PROSPECTS

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