Article | June 10, 2021

Five Post-Pandemic Investments For Retailers

Source: apg®
COVID Yes we are open

As the number of vaccinated people increases, states are lifting pandemic restrictions to restore some sense of normalcy. Even the most stringent cities and states are in the process of returning stores and restaurants to full capacity -- a welcome move for business owners.

Some of the pandemic’s effects on retail could be permanent. Many businesses may continue the safety and cleanliness efforts they have put in place. And trends such as curbside pickup and BOPIS (buy online pickup in store) are likely to remain.

But as a post-pandemic era begins, owners of shops and restaurants must make strategic investments to not only thrive in the new normal but also become more resistant to similar future crises. In a report for the Retail Industry Leaders Association (RILA), consulting firm McKinsey outlines a list of imperatives for retailers in 2021 and beyond.

Among other things, McKinsey recommends investing in delivery, omnichannel strategies, automation, and analytics. Those recommendations are in line with what APG believes are five strategic investments retailers should consider:

VIEW THE ARTICLE!

Get unlimited access to:

Trend and Thought Leadership Articles
Case Studies & White Papers
Extensive Product Database
Members-Only Premium Content
Welcome Back! Please Log In to Continue. X

Enter your credentials below to log in. Not yet a member of Retail IT Insights? Subscribe today.

Subscribe to Retail IT Insights X

Please enter your email address and create a password to access the full content, Or log in to your account to continue.

or

Subscribe to Retail IT Insights