Why the Retail Industry Needs IoT More Than Ever
While essential businesses have been fortunate enough to continue operating, the coronavirus pandemic has put extra strain on top of an already struggling retail industry. Even before the virus, the emergence of online shopping threatened the livelihood of business owners. Combined with the pandemic-level impact of the coronavirus, opportunities for business seem bleak. According to a report by the US Census Bureau, clothing stores, furniture stores, and F&B providers suffered the biggest losses while the food and beverage stores are seeing the biggest rise in monthly sales. For retailers to continue surviving, technology is no longer a luxury, it’s a need. Live Occupancy Counting In an effort to flatten the curve, governments worldwide put social distancing policies. in place to control the number of customers in retail outlets, such as groceries, pharmacies, fuel stations and banks. In response, tech companies specialized in people counting are rising to the demand of businesses. Normally used to track visitor counts and measure store performances, these… Read More »Why the Retail Industry Needs IoT More Than Ever