AI Reshaping Retail; Adapt the Tech or Die

From manufacturing to last-mile delivery, retail giants and startups are using AI and robotics to automate various parts of the chain. Experts believe that players across the retail ecosystem need to adapt to using AI to stay relevant. Corporations across industries are scrambling to adapt and integrate AI into their products, and the retail sector is no exception. In the last five years, retail AI startups that address retailer's AI needs ended up raising around $2.67 billion. For traditional retail giants, leveraging AI means coming close to the competition from e-commerce behemoths like Amazon and Alibaba.