July 13, 2024

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Too Orangey For Fashion

Retail technology for building recession resilience

Retail technology for building recession resilience

For shops who weathered the pandemic storm, the lull has been brief-lived, and they’re now battening down the hatches all over again in the experience of the future assault – the predicted international recession. Driven by the affect of the pandemic, the war in Ukraine, hikes in strength and meals prices, and throughout the world inflation, the environment ‘could soon be teetering on the edge of a worldwide recession’ claims the International Financial Fund (IMF).

The definition of a economic downturn, in accordance to the Nationwide Bureau of Economic Study, is a ‘significant decrease in economic action spread across the financial system, long lasting much more than a handful of months.’