How are retailers in Asia are making a shift from Resilience to Innovation.

Changing face of Asian retail.

Shall we go for preservation or transformation?

This is a very pertinent question in retail- now more than ever given the current economic environment and the impending worries around recession. COVID was the precipitating point which brought the focus on being resilient ie how to survive and keep it running in difficult times. But can we afford to ignore Innovation and just focus on Resilience? and where are the Innovation Hotspots in retail today?

Well, the mindset is changing as the asian retailers are shifting their focus from resilience to innovation. Many fantastic examples of retailers - NTUC FairPrice , Woolworths Group , 7-Eleven , Fast Retailing , Flipkart who have been leveraging technology to shift gears and focus on innovation to drive growth & provide great shopping experiences.

Read more in my latest article here .. https://retailinasia.com/in-telligence/how-are-retailers-in-asia-making-the-shift-from-resilience-to-innovation/