Disruptions in Retail: Things Every Retailer Must Know!
The past decade has witnessed a tremendous change in the way consumers shop for products. From heading to a brick-and-mortar store, and waiting in long check-out queues, to getting the products delivered to their doorstep, or placing the order online and getting it from a pick-up location, the shoppers have transformed in the most remarkable way. The booming e-commerce industry has become a threat to retailers. Consumers crave for rich, seamless, effortless, and personalized shopping experiences. To provide this, retailers must focus on positioning themselves by giving the customers “what they need” with minimal obstacles and human interaction. So, What’s Changing in the Retail Sector? Digital transformation in retail has transformed brick-and-mortar stores into intelligent shopping ecosystems. Here are the major advancements currently happening in the retail sector: AI-powered Assistants...