Retail technology for building recession resilience

Retail technology for building recession resilience

For vendors who weathered the pandemic storm, the lull has been brief-lived, and they are now battening down the hatches all over again in the face of the upcoming assault – the predicted world-wide economic downturn. Pushed by the impression of the pandemic, the war in Ukraine, hikes in electrical power and food items costs, and around the globe inflation, the environment ‘could before long be teetering on the edge of a worldwide recession’ suggests the Intercontinental Financial Fund (IMF).

The definition of a economic downturn, in accordance to the Nationwide Bureau of Financial Investigation, is a ‘significant decline in economic action unfold throughout the overall economy, long lasting much more than a couple months.’