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• When it comes to making purchases, a lot of consumers have started to be more proactive. Customers are now more likely to act fast when they find a desired item in stock rather than waiting for sales or taking their time browsing. The fear of missing out (FOMO), which has been made worse by social media and internet marketing tactics that emphasize scarcity as a selling point, is the cause of this shift towards urgency. Also, in response to limited availability, customers are increasingly using alternative shopping methods. As consumers look for guaranteed access to products that might otherwise be hard to find, subscription services and membership programs have grown in popularity. 25-04-22
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• In order to meet changing expectations and navigate intricate supply chain dynamics, retailers must modify their strategies as consumers struggle with frustration and uncertainty. The significance of proactive inventory management and flexible delivery options cannot be emphasized enough; these elements will be critical in identifying which companies prosper in this new setting. In light of these difficulties, it is obvious that the retail industry will keep changing in the future. 25-04-22