It has just been about 5 months since Amazon was launched in Australia.

And you won’t believe, more than 5000 sellers… yes, that’s right… MORE THAN 5000 sellers have flocked to Amazon Australia. This is the fastest response rate than any other Amazon marketplace.

It is for sure that Amazon is here for a long – run.

Considering how aggressively Amazon is expanding its range within a short period, local retailers will soon face a tough time. Soon enough the big brands will be dragged down, sharing the same fate of Myer and David Jones.

So, the burning question for every retail industry is- Embrace or Fear?

Innovation is a key when it comes to competing with Amazon and thinking about different ways to ramp up the offering to your customers to add value.

Companies should be looking for ways how they can make daily lives simpler and faster. The product should be able to address the untapped ways to minimise time and provide a new experience to the users.

Check out how ModiFace, a Toronto-based company, is transforming the way people choose new hair colours and, along with it, the multi-billion-dollar hair care industry:

If you would like to innovate, automate and go global in your marketplace, then click here now to see how we can help you from concept to commercialisation.

Cheers!

Prabin Gautam