In today's dynamic retail landscape, staying ahead of the curve is crucial for businesses to thrive. Technology has emerged as a game-changer, empowering retailers to navigate these hurdles and unlock new opportunities.
The COVID-19 pandemic has prompted organizations to reimagine their IT strategies to adapt to the changing times. One area that has witnessed a seismic shift is eCommerce.
Several industry verticals are seeing a huge surge in consumer adoption since the last two years, when most people were cooped up in their homes due to the epidemic. Undoubtedly, Edtech was one of them. Comparing EdTech to E-Commerce, the latter has developed category by category, albeit not every category has been prosperous.
COVID-19 has brought about a sudden change in our behavior and attitudes - global consumption patterns of the retail industry have seen a sharp decline and are not predicted to go back up in the foreseeable future. Apart from changing consumer behavior, consumer safety is also a big challenge for retailers as they open their stores once more. Here are some of the ways technology can be leveraged to make the transition to a post-covid world easier for retailers worldwide.
COVID-19 is disrupting the business ecosystem and the economy significantly and is likely to cost the global economy $1 trillion during 2020, says UNCTAD, the UN trade agency. From governments closing the borders and enforcing lockdowns to businesses struggling to meet the supply and demand, the novel coronavirus is changing the way businesses operate, collaborate […]