See What's Trending in the Retail Industry?
retailciooutlook

See What's Trending in the Retail Industry?

By: Retail CIO Outlook | Tuesday, September 29, 2020

This year seems to be brighter and smarter for the retail industry.  

FREMONT, CA: Technology has always been the guiding star for the retail industry to set newer milestones in business. While the novel COVID virus tragedy has indeed significantly affected the economy, business, life, and lifestyle, the technology experts in the realm of retail are constantly looking to level up the situation. Believing that technology would the answer for all the quests that most of the players in the retail market are looking to resolve, engineers are experimenting with different ways to map the trends in technology to the practical applications in the retail industry. 

With the pandemic creating a situation where essentiality has become the only luxury, the modern retail business firms are exploring various ways to deliver the quintessential needs such as groceries, personal care products, and the like. By integrating high-tech delivery mechanisms to deliver groceries and even farm-fresh fruits and vegetables directly to the doorstep of the customers, the retail industry has been proving the fact that it is always at the forefront of upgrading in tandem with the changing trends in technology. 

Top 10 Retail Tech Solution Companies in Europe - 2019An on-demand delivery platform is gaining a lot of traction in the online grocery delivery features. In conjunction with this, contactless delivery technology is yet another trend that is increasingly being focused on by the retail business market. Robots have now been becoming the new delivery personnel. The retail companies and the supply chain firms understand the importance of the new regulatory framework that has included social distancing. Keeping this in mind, contactless technology trends also feature the idea of using drones to deliver the packages at the location of the addresses for the customers. 

To add to that, online payments are extensively becoming popular. This trend aims to become a permanent alternative for physical payments that include the use of cash. In this way, the retail industry is increasingly becoming organized and efficient to leverage technology trends and experience growth and success.  

See also: Top Robotics Companies

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