Future of Woolworth
CATEGORIES
- Asset Performance
- Innovation assets and pipeline
- Disruption vulnerability
- Company headlines
- Company’s future prospects
DATA ACCESS
Woolworths Limited is a significant Australian company with large retail interest throughout New Zealand and Australia. It is the 2nd biggest company in Australia by revenue, behind Perth-based retail-focused conglomerate Wesfarmersand the second biggest in New Zealand. In addition, Woolworths Limited is the biggest takeaway liquor retailer in Australia, the biggest gaming poker machine, and hotel operator in Australia and was the 19th biggest retailer in the world in 2008.
Asset Performance
- Product/Service/Dept. nameAustralian food and petrolProduct/Service revenue39410000000
- Product/Service/Dept. nameEndevaour drink groupProduct/Service revenue7589000000
- Product/Service/Dept. nameNew Zealand foodProduct/Service revenue5592000000
Innovation assets and Pipeline
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.