May 19, 2024

Drsecord

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Retail technology for building recession resilience

Retail technology for building recession resilience

For vendors who weathered the pandemic storm, the lull has been small-lived, and they’re now battening down the hatches once again in the face of the up coming assault – the predicted worldwide economic downturn. Driven by the influence of the pandemic, the war in Ukraine, hikes in energy and foodstuff rates, and all over the world inflation, the planet ‘might quickly be teetering on the edge of a world-wide recession’ suggests the International Financial Fund (IMF).

The definition of a recession, in accordance to the National Bureau of Financial Investigate, is a ‘significant drop in financial action spread throughout the economic climate, long lasting extra than a couple of months.’

iVend’s retail know-how allows retailers to establish resilience.

See how our remedies are helping outlets all over the earth.