How the retail segment will survive business from Covid-19 through digital presence
In a sense, the Covid-19 crisis and pandemic have transformed the way we do business, work, shop, and interact with people more than any other disruption through digital technologies. In the coming time, companies are going to turn more dependent on their digital tactics to survive in different retail segments. Without wanting to be too panicky, in many retail scenarios, digital presence will be the deciding characteristics in whether businesses make it through the rough times to come ahead. Most of the offline retailers are struggling with compulsory shutdowns. The lawmakers are directing consumers not to assemble anywhere and explore a mall or retail brick-and-mortar store for the safety of both staff and customers. All these have even lead to an alarming supply chain. The retail segments are most disparate at this juncture compared to any other problems retailers have faced in a long time. Retailers have to make tough decisions While the decision to lock down the offline sto...