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Automation Risk Analysis

Will “Trader” be Automated?

Historical Context: Oxford Study (2013)

Ranked #237 of 702. Estimated risk: 29.0%

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AI Exposure Risk

52%

“Trader” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 52% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

35%

“Trader” will probably not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 35% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Wholesale and Retail Buyers, Except Farm Products, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts. Includes assistant wholesale and retail buyers of nonfarm products.

Job Title & Hierarchy Code (SOC) Wholesale and Retail Buyers, Except Farm Products #13-1022
ℹ️

Data is based on the reference occupation: “Wholesale and Retail Buyers, Except Farm Products”

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Core Skills & Abilities

  • Analyze environmental aspects of competing merchandise when making buying decisions.

  • Compare transportation options to determine the most energy-efficient options.

  • Provide clerks with information to print on price tags, such as price, mark-ups or mark-downs, manufacturer number, season code, or style number.

  • Recommend mark-up rates, mark-down rates, or merchandise selling prices.

  • Inspect merchandise or products to determine quality, value, or yield.

  • Determine which products should be featured in advertising, the advertising medium to be used, or when the ads should be run.

  • Authorize payment of invoices or return of merchandise.

  • Consult with store or merchandise managers about budgets or goods to be purchased.

  • Negotiate prices, discount terms, or transportation arrangements with suppliers.

  • Monitor competitors' sales activities by following their advertisements in newspapers or other media.

  • Conduct sales meetings to introduce new merchandise.

  • Collaborate with vendors to obtain or develop desired products.

  • Monitor consumer preferences or environmental trends to determine the best way to introduce new green products.

  • Monitor and analyze sales records, trends, or economic conditions to anticipate consumer buying patterns, company sales, and needed inventory.

  • Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.

  • Train or supervise sales or clerical staff.

  • Buy merchandise or commodities for resale to wholesale or retail consumers.

  • Identify opportunities to buy green commodities, such as alternative energy, water, or carbon-neutral products for resale to consumers.

  • Develop strategies to advertise green products or merchandise to consumers.

  • Obtain information about customer needs or preferences by conferring with sales or purchasing personnel.

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