With shoppers finding much of what they want online, the future of the brick-and-mortar store can seem bleak. Such major retailers as J.C. Penney, Lowe’s, Gap and Family Dollar, among many others, have announced plans to close at least some stores across the United States this year.
As the coronavirus pandemic continues pounding all industries, traditional shoppers and retailers worldwide are grappling with uncertainties about COVID-19. Major inventory disruptions and the surge in online shopping due to the coronavirus pandemic are changing the grocery supply chain as it is doing to other industries. With these challenges, grocery stores are seeking new alternatives to salvage the situation and offer better services that will withstand the challenge of the pandemic.
Supply chain is one of the industries that are fast evolving. The changes in this sector are occasioned by the rising demand for efficiency by the customers and the ever-increasing competition from new entrants and established players who invest in technology. The industry always evolves to meet the needs of the global demand and in return, get huge benefits. With the new year around the corner, we take a moment to look at the technologies that you may be ignoring in this industry, leading to losses.
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