As the pandemic drastically transformed the way societies are going to live and operate for the next few years, the retail industry has been at the forefront of this change, with shopping becoming increasingly internet-driven. Amid evolving customer expectations and rapidly changing buying behavior, retailers are adopting a proactive approach to offer truly personalized and unique shopping experiences. They have sought the help of AI-driven predictive analytics that help retailers make smarter business decisions by analyzing factors, such as inventory reporting, purchase dynamics, supply predictability, choosing the right vendor, improved replenishment, and more. AI-driven analytics also helps them to identify different patterns in consumer behavior – thereby boosting conversion rate and increasing sales
Meanwhile, in combination with chatbots, augmented reality has opened a world of immersive, shopping experiences complemented by a surfeit of features that allows retailers to engage three-dimensionally with customers. With the pandemic still looming overhead, AR-enabled chatbots are empowering customers to virtually try out clothes or makeup or check out how a new piece of furniture fits in their living space—all while following social distancing norms and stay-at-home guidelines.
At this juncture, there are quite a few number of promising retail tech startups in and around the APAC region that are augmenting supply chains for various companies, enhancing last-mile deliveries, and transforming brick-and-mortar businesses into digital shops. Staying ahead of these developments, Retail Tech Insight has compiled a list of Top 10 retail Tech Startups to help retail vendors choose the right partner that would ideally fulfil their requirements. Besides, the magazine also comprises useful insights from an eminent panel of industry analysts, CIOs and VCs, along with their advise for CIOs of tomorrow.
We present to you Retail Tech Insight’s “Top 10 Retail Tech Startups in APAC – 2021.”
