Tech’s ability to weed out inefficiencies in inventory and supply chain management has brought down the rate of errors in the process. This has also helped speed up the delivery process and allowed brands to get their products to customers at lightning speed. Tools such as AI-driven route optimisation and geofencing have also allowed hyperlocal players to do 15-min grocery deliveries, unlocking a whole new market for e-commerce.
Roll up e-commerce companies acquire e-commerce brands and grow them by infusing it with capital, and relevant expertise for every aspect of the business. Such platforms also incorporate the aforementioned technologies in their growth strategies for brands.
Samsung Vice Chairman Han Jong-hee has recently discussed the topic with a number of employees and reaffirmed the company’s plan to roll out “Samsung’s version of the metaverse,” according to the sources.
“We will create Samsung’s version of the metaverse. Please come up with many ideas and help materialise them,” Han was quoted as saying, reports Yonhap news agency.
But businesses have adopted technological innovations like UPI and Payment Wallets. The platforms built on these technologies have high trust scores, and have a simple UI-UX that even the non-tech savvy can navigate.
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