The Global DIY Summit is the world’s leading event for retailers and manufacturers from the home improvement and garden centre industry. It is a unique opportunity to exchange views on current and future developments within the global market with the industry’s leading players. The Summit is being jointly hosted by the two leading European DIY professional organisations, EDRA (European DIY-Retail Association) and fediyma (European Federation of DIY Manufacturers), and the first global representation of interest of DIY trade, ghin (Global Home Improvement Network).
The main congress theme is DIY Next – Reinventing our Industry. The difficulty for the industry’s leaders is that they cannot afford to focus on just one aspect of disruption. Manufacturers and retailers have to navigate three revolutions at once: a geographic, a demographic and a technological.
The expectation of the arrival, by 2030, of a billion new consumers in China and 500 million in India, the change in the consumer behavior due to the rise of the Millennial consumers group, and the global penetration of mobile phones are the main factors of global volatility and will remain the main concerns for many market leaders. With social, economic, technological and environmental change continuing and accelerating companies will need to be agile to survive.
The view that the best way to survive disruption is to lead it is increasingly being accepted by many established manufacturers and retailers. There is a balance to be struck, but many companies are changing their strategies, structures, and business models.