19 Oct 21 | CT: 10:30 AM -
20 Oct 21 | CT: 02:30 PM
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The ongoing situation of COVID-19 has disrupted industries globally. This has resulted in people continuing to remain home, isolated in the Asia Pacific region throughout the year, due to sudden changes in COVID-19 cases. This anxiety has forced countries to limit international travel, slowing down recovery. Personal accessories and eyewear have been directly impacted by this.
Following the pandemic, economic recovery is starting in sub-Saharan Africa, with new opportunities in restructuring, diversification, and digitalised models reshaping the future of retailing, foodservice, and travel, now and into the future.
Food sales through e-commerce saw dramatic growth in 2020, unsurprising given the impact of home seclusion and lockdown measures across the world. Coronavirus (COVID-19) was an unexpected spur to growth, but its impact on retailing will remain and intensify beyond the recovery. Food companies and retailers need to prioritise online strategies in order to succeed in an increasingly digital world.
The Coronavirus (COVID-19) pandemic has led to greater use of digital wallets, as consumers continue to shift away from cash for both online and in-store payments. With gaps in financial services, increased user functions on digital wallets are challenging banks to build their digital capabilities or partner with digital wallets to remain relevant. In addition to more partnerships with merchants and operators, trust in the security of digital wallets will remain an influential feature driving use in the future.
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