End of Conusmption Visual

The End of Consumption

ETH Pavilion, Davos

This event is co-hosted by ETH, GDI and KPMG

"Banking is necessary. Banks are not." Bill Gates’ prediction for the financial industry in 1994 is prescient for the retail industry 25 years later. A recent study of the Gottlieb Duttweiler Institute concludes clearly: Imagining the future of retail as a linear growth of online sales (which will result in the extinction of a number of legacy store brands) falls far short of the mark.

According to the GDI’s provocative report, the music industry is a case study for the future of the retail industry. It has basically been wiped out by services such as Spotify or iTunes. Consumers do not see themselves any longer as owners, but as users. This pattern can be applied to other industries, notably department store retail.

Of course, people will still have basic physical needs to be satisfied by commodities. But how desire for these goods is triggered, how the supply chain delivers these products and how they get into the hands of the consumer are changing radically.

This session takes a closer look at what’s next for the retail industry, and at how emerging technologies are transforming consumer attitudes. We will discuss questions such as:

  • How is data going to overturn classic retail?
  • When will we experience synthetic consumption?
  • Are we at the threshold to the land of milk and honey?
  • So, if consumption ends, what will be next?

This event is by invitation only.

Press accreditation

Speakers
Stephan Fetsch

Stephan Fetsch

Partner, Deal Advisory-Valuation, EMA Head of Retail at KPMG. Fetsch is responsible for the retail sector at KPMG Germany and KPMG Europe. In this function, his main focus lies on business planning, corporate valuation, intangible assets, joint venture as well as value-based decision making and transaction consulting.

David Bosshart

David Bosshart

Author, Speaker, Executive Advisor

Dr. David Bosshart was CEO of the GDI Gottlieb Duttweiler Institute for consumption, economic and social studies from 1999 to 2020. Since 2020 he has been President of the Gottlieb and Adele Duttweiler Foundation.

Moderator

Chris Luebkeman

Chris Luebkeman

Advisor to the President and Executive Board at ETH Zurich. Chris Luebkeman pursued a multifaceted education, beginning with engineering and culminating in a doctorate in architecture from ETH Zurich. He gained valuable experience as the protégé of Spanish architect, Santiago Calatrava, but then changed his career course to education and taught at several universities.

Programme

19.30 Arrival of guests and registration

20.00 Session welcome, opening remarks, and moderated discussion

20.45 Q & A with with the audience

21.00 Networking reception

Venue

ETH Zurich Pavilion
Talstrasse 41
7270 Davos Platz

* Near the Forum's Media Village