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Coronavirus: Tech’s pivotal role in retail amidst the pandemic

Just like every other year, towards the end of 2019, organisations and entrepreneurs geared up to boost their business further in 2020. Unfortunately, 2020 turned out to take an unexpected turn, and we are now dealing with one of the largest crises in world history. Thankfully, we live in the day and age of technology. Amid the pandemic, almost every single business and citizen is banking on cutting-edge innovations to help them perform crucial day-to-day tasks.


The fast-evolving retail sector is no exception. Tech integration has been on the rise in the retail industry. And, to say that this rapid adoption of technology has acted as a saviour during the pandemic would be an understatement. In these dark times, technology has acted as a beacon of light, guiding us towards progress.


With the help of tech, retail stores have been able to assume an online presence and offer on-demand services that have become increasingly popular. Consumer behaviour and demand have truly evolved to stay in sync with the technology available. Currently, the future of retail is actually unfolding right before our eyes. In times of such a global crisis where social distancing has become the norm, businesses that sell online will flourish. While online businesses have been around for a while, the pandemic has shed light on their importance to the economy and livelihoods.


At EIU Paris, we will gove you the best insights of the market on Technologies and Retail. We offer 9 dedicated workshops about the growth areas of Tech and Retail: AI, Smart Industry, Fintech, Import-Export, Luxury Shops, E-commerce and more. Our expert moderators are internationnally knowned experts in their industry and will help you grow your business or to become a top asset for your company.


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Written by : Anurag Avula

Source: https://yourstory.com/2020/06/coronavirus-tech-digital-adoption-role-retail-industry

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