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With major transformation on the horizon for the retail sector in 2021 and beyond, we can expect to see sustainable growth.
While apparel has led the adoption of retail RFID technology for inventory control, other sectors are quickly expanding their activities.
Computer vision is a form of artificial intelligence (AI) that trains computers to interpret and understand the visual world.
Physical security in the retail industry took on a whole new dimension in 2020 with the challenge of the COVID-19 pandemic.
With brick-and-mortar sales generating over $18.5 trillion in the US in 2020, the physical store will continue to act as the epicenter of the post–COVID retail experience.
What role are robots playing in e-commerce? How has the pandemic impacted the trajectory of robotics? What’s in-store for retail robotics?
Being the largest retail sector, grocery will remain both the most attractive for new entrants and also the most competitive.
Strategic initiatives deployed in the first half of 2021 will lead to more aggressive growth in the second half.
Retail loss prevention is at a positive crossroad where the function’s importance will eventually be elevated to the C-Suite.
Retail post-COVID will include continued concerns with safety, higher digital transformation, and increased time-saving consumer services.