ARTICLE
1 July 2026

KPMG Global Tech Report 2026: Consumer And Retail

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
The consumer and retail sector is undergoing a decisive technological reset, driven by rapid advances in AI, rising expectations for digital convenience, and the pressure to modernize long‑standing legacy systems.
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A smarter, more adaptive consumer and retail sector in the Intelligence Age

The consumer and retail sector is undergoing a decisive technological reset, driven by rapid advances in AI, rising expectations for digital convenience, and the pressure to modernize long‑standing legacy systems. This report examines how consumer and retail organizations are responding to this shift — not only by scaling AI from isolated pilots to widely embedded capabilities, but also by strengthening data foundations, upgrading cybersecurity, and preparing for a wave of emerging technologies such as edge computing, Web3, and digital twins. Together, these investments signal a sector moving beyond experimentation and into large‑scale, execution‑focused transformation.

Drawing on insights from more than 250 consumer and retail leaders, the report highlights where modernization is already delivering measurable impact: more accurate forecasting, more efficient supply chains, and increasingly automated front‑ and back‑office operations. Yet the findings also reveal the hurdles that continue to slow progress — most notably weak governance, fragmented technology stacks, and ongoing shortages of AI‑native talent.

As sector leaders push toward a future where intelligence is embedded into every part of the value chain, clear strategy, stronger governance, and a more digitally enabled workforce will determine which organizations unlock sustained value and which struggle to scale.

To view the full article please click here.

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