Upcoming trends in retail industry Essay Example

concepts emerge, consumers are becoming increasingly ethical and choosing retailers deemed to be responsible. Consequently, the industry is shifting towards socio-political aspects of doing business. Retailers have little choice but to change their practices, as buyers' decisions are more ethics-driven. These issues are now being addressed on a mass level and organizations are advocating for employees of suppliers in developing countries, as large retailers' practices are often seen as a direct cause of poor working conditions. Large retailers may be taking advantage of suppliers in developing countries to offer cheap products, but the next trend will be based on ethical performance.As a business student, I see a clear trend in which the retailing industry must take into account the ethical side of doing business. This means that they should hold their suppliers to established ethical work practices worldwide. This trend als