With the sudden and rapid increase in digitization and transformation of technology, more and more companies are adding artificial intelligence to the supply chain to ensure maximum utilization of resources.
The Indian retail market, which consists of the unorganized sector, including conventional family-run neighborhood shops, and organized retail, such as brick-and-mortar large retailers and online shopping sites, is the third-largest in Asia.
The demand for online commerce is only going to rise, be it for the flexibility of door-step delivery or customized delivery time slots, the retail industry will undergo a paradigm shift from brick-and-mortar stores to online stores.
As consumers connect and shop online more than ever, an increasing number of brands are expected to tap into social media to virtually engage and build trust with consumers in addition to serving as retailtainment.
Automation in stores, distribution warehouses, and back-office operations provides retailers with the flexibility to identify and adjust for changes in customer traffic and buying patterns, both in-store and online.
Although the pandemic has caused Indian manufacturers to delay their digital transformation and modernization plans, now is not the time to put the brakes on digitization to transform manufacturing and build supply chain solidity.
Shopping online is fun as one can shop around without ever having to leave the comfort of their home, one can get the products at the best price and have the packages delivered right to their doorstep.