Brick and Mortar VS Online Shops
Brick and Mortar’s experience a unique set of challenges.
Visible solutions that signal ‘clean’ are being rapidly deployed. Not only is there opportunity for those who can quickly develop and implement innovative solutions, these trends will continue over the medium and long term as the expectation shifts to an automated and contact-less experience.
Online Shops are well positioned
Companies with an online presence are able to gain market share if they can effectively reposition. Attempts should be made to increase community engagement, as consumers are rallying to support local establishments. Increasing brand recognition and engaging in strategic partnerships will help differentiate from the crowd and be in a position to dominate as the world reopens.