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The COVID-19 pandemic was like a wake-up alarm for business owners all over the world, which forced them to rethink their current business models. Especially in the retail sector, everyone started looking for sustainable retail practices to acquire current and potential customers. You have to understand that today’s consumer is well aware of the technological advances that are best in their
When the COVID-19 pandemic hit the whole world, one of the industries that faced severe impact was the restaurant business. Since then, the restaurant industry went through various changes to counter such situations (if struck again in the future). The consumer’s needs also evolved, and business owners have to change their traditional practices to meet the customer’s expectations while
In a world where technological innovations are the driving force behind every business progress, no one wants to lag in the competitive market. Whether it’s a local, national, or international market, everyone wants to earn profit and invest in assets that offer a better return on investment. An ERP software is also one of those assets that assure better business productivity and help you in
No matter what type of business you run, whether it’s a retail, distribution, or manufacturing business, inventory is one of the integral parts that hold up the whole model. You have to maintain an accurate ratio between demand and supply by analyzing your inventory items periodically. To ensure visibility across the inventory process, you need a reliable software solution that gives you
For every retail business, inventory is like a heart that holds all the processes together. If there’s mismanagement of stocks, your business performance will get affected. But if you handle the inventory efficiently, the cash flow will be steady and the customer satisfaction level will be higher. This is why, when running a retail business, it's said that you should give top priority to
The majority of grocery and food consumption in India depends upon approximately 15 million Kirana or small retail stores. Although the system was working fine, ever since the COVID-19 outbreak started, the store operators faced various challenges. These include:
Scheduling online ordering & delivery of items,
Dealing with traders & distributors,
In the fashion products segment, the retail corporation is gaining more importance to enhance India’s retail ecosystem. Back in the year 2020, when the COVID-19 outbreak started, many issues arise, such as:
Increase in inflation,
Global Financial crises,
Increase in unemployment,
Shutting down of businesses, etc.
This made Indian Fashion retail customers as
In the current scenario, almost every business segment is trying to make its strong digital presence. Whether it’s a small or medium scale business or a big enterprise, everyone wants a reliable online presence to work in the digital environment. In all these aspects, the digital payment mechanism plays a crucial role. Imagine sending e-invoices directly to your customer’s smartphones so that
COVID-19 had a great impact on our everyday lives. It has changed the way we purchase and pay, forcing businesses to implement better ways to operate. As the health concerns among people increased, we started avoiding handling cash, crowded places, and adopted shopping habits, giving rise to contactless or digital payments trends. Although digital payments have been around for a couple of years,
As the terror of COVID-19 is still on the rise, companies that fall under several verticals are still facing difficulties in their revenues and business. But for e-commerce industry, 2020 has been a good year. And on top of that, it will reshape the structure of India’s online industry in 2021. Various trends affected the e-commerce sector as it triumphed against all odds this year.