Demand for AI skills is on the rise but lags other industries
Our research shows AI adoption is starting to speed up in the industry—the proportion of postings requiring AI skills reached 1.5% in 2024, marking a small but steady increase over 2023 (Figure 2). Compared to other industries, however, the demand for AI skills remains modest in this industry.
Some organisations in Wholesale and Retail Trade are using AI applications for inventory management, customer analytics and dynamic pricing, for instance. They are experimenting with chatbots, augmented reality tools and predictive forecasting systems.
AI in retail is making shopping more guided, while supply chains are becoming more automated3. Some fashion retailers, for example, are using AI for supply chain optimisation and consumer behaviour analysis but retaining human involvement in creative design and customer engagement4.