Digital transformation to drive recovery of GCC retail sector post-Covid-19 – ZAWYA

Digital transformation to drive recovery of GCC retail sector post-Covid-19 – ZAWYA

digital transformation to drive recovery of gcc retail sector post-covid-19 the gcc retail sector was projected to grow at a compound annual growth rate of 4% from $253.2bln in 2018 to $275.4bln in 2020    a businesswoman using a digital tablet with graphs on it in a modern office. image used for illustrative purpose. highlighting the future of the sector, and the role that technology will play in shaping it, experts at a webinar organised by retailme, pointed out that data, artificial intelligence, e-commerce, and robotics are expected to drive growth.according to a report by alpen capital, the gcc retail sector was projected to grow at a compound annual growth rate of (cagr) of four per cent from $253.2 billion in 2018 to $275.4 billion in 2020, and then to $308 billion in 2023. however, the months of lockdown resulting from governments across the gcc trying to contain the spread of the virus, has led to officials revising their earlier estimates. faced with job losses and salary cuts, consumers quickly put off making spontaneous purchases, and spending only on their immediate needs.digital transformation is set to play a key role in the recovery of the gcc's retail sector, which has