Future of Retail after covid 19 and how AI is helping it

GROUP 2

Presented by:

1) Aravind Pillai 06
2) Ketaki Joshi 11
3) Nitish Mahadevan 16
4) Sneha Pillai 26
5) Suraj Seetharam 27
6) Gaurav Nikam 59
7) Akshay Parab 60
Future of Retail after covid 19 and how AI is helping it
Introduction

RETA
IL
SHO
P P IN G

Virtual Store Digital Solving Detailed

Walk Product complex Product
Through Presentation decisions Features and
Comparison
s
 THE INDIAN RETAIL SECTOR

1. Fifth Largest Retail Space in the

World
2. Contributes up to 10% of
National GDP
3. Current Market Size 883
Billion$
4. Projected to reach 1.3 Trillion $
by 2024

5. According RAI (Retailers Association of India) Retail

Industry Achieved 93% of Pre Covid Sales in February
2021.
6. Some Major Players in Indian Retail Industry are : D
Mart, Reliance Retail, Future Retail, Aditya Birla Fashion,
Vijay Sales etc.
 Challenges Faced During Covid-19

1. Organized Retail Sector has

borne losses up to 90000 crore
INR due to lockdown.

2. Revenue was negligible but

fixed costs burnt a hole in the
pockets of the retailers.

3. Additional expenses towards

safety and hygiene measures
as regular sanitization was
made compulsory

4. Increased competition by online

players such as Amazon &
Flipkart

5. Strict Government Regulations

related to store timings and safe
distancing protocols
 AI in Retail

1. Stores can become cashier-

free.

2. Chatbots to assist with

customer service.

3. In-store assistance

4. Price adjustments

5. Price predictions

6.  Supply chain management

and logistics
 AI in Retail

7.Machine Learning in retail product categorization

8.Visual search

9.Voice search

10.Virtual fitting rooms

11.Customer satisfaction tracking

12.Customer behaviour prediction

 Implementation of AI in Indian Retail

1. Contactless Entry

2. Virtual Store Walkthroughs

3. Self-Service Kiosks at Checkout Points

AI in Retail Supply Chain
4. Digital Payments for a Contactless Experience
1. For the Networks of the Supply
Chain

2. Analytics and Prediction

3. Route Optimization