The Committee for Economic Development in Australia (CEDA) has begun the first stages of the transformation of retail sales to a digitized marketplace. As retail brick and mortar stores across the globe are experiencing the same shift. Consumers are always looking for the next best thing and in a world of seamless technology products of quality can be delivered in a fast secure and accommodating way to nearly every consumer on the planet with online access.
Key Takeaways:
- Convenience stores have a hard time keeping up with retail technology and attracting big brands due to their small size.
- Limited funding makes investing in technology such as contactless payment and loyalty program apps very difficult.
- Small businesses can leverage technology to compete with much larger companies, but failing to adopt new technologies can be dangerous.
“Nearly 40% of small-business owners surveyed believe these new technologies are affecting the value of their business.”
Read more: http://c-store.com.au/2017/04/04/can-c-stores-meet-new-digitised-economy/
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