This episode was re-edited and re-uploaded
In this episode of "The Future Of" , Jeff is joined by Scott Erickson, CTO at Harbor Foods Group, plus insights from Tammy Klein, Founder and CEO at Transport Energy Strategies and Jeff Lenard, VP at Strategic Industry Initiatives, National Association of Convenience Stores. They discuss the challenges facing gas stations today, the impact technology is having on them, and future profitability strategies. As they evolve over the centuries, there is a lot of marked competition between gas stations and convenience stores. Their owners have devised strategies to ensure their continued existence in the face of a hostile environment.
The discussion delves into the innovation happening within the car industry and how the future of convenience stores and gas stations is being reshaped by the increasing integration of pending self-driving cars/fleets and electric vehicles. As a result of modern technologies and increasing digital dependency, convenience stores must reevaluate their shopping experiences and the role they play in consumers' lives.
To stay relevant in the future, gas stations will need to look back and embrace the concept of "service stations." In order to stay profitable, gas stations will have to offer a variety of services in the future. One obvious solution is to put charging stations next to gas pumps, but more infrastructure and station placement planning is also required.
They cover:
Ownership of gas stations: challenges and successes
The fluctuating nature of patronage at convenience stores and gas stations
The marketing strategies adopted by convenience stores
How delicate is the gas industry?
The spending patterns of customers in convenience stores
What external factors affect gas prices?
What would future gas stations look like?
Changes in technology and how gas stations adapt
The impact of electric vehicles (EVs) on the evolution of gas stations
The innovation of gas stations with technological advancement
Gas stations and convenience stores as community service centers.
The threat of electric vehicles to gas stations
If you’re interested in the future of gas stations and how technology impacts gas stations and convenience stores, tune into this episode of “The Future of ” a Podcast by Fresh Consulting.
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About the Show
“The Future Of”, is a podcast by Fresh Consulting & hosted by Jeff Dance, where we discuss and learn about the future of different industries, markets, and technology verticals. Together we’ll chat with leaders and experts in the field and discuss how we can shape the future human experience.
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WHO WE ARE:
Fresh Consulting is a strategy, design, software, and hardware innovation company that offers end-to-end services with integrated teams. We design and build strategies, brands, products, robotics, systems, and apps to help you stay fresh. Whether your plan is to stay ahead or your need is to stay relevant, our multifaceted teams quickly integrate with yours to help you transform and create the future, together. From understanding where you are now, to guiding you where you want to be, we'll provide the engine to help you build, grow, and lead.
Learn more about Fresh: bit.ly/2SahaeY
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