In the post covid world, AI and ERP will redesign Retail Management trends. It will change the way consumers shop and bring efficiency for businesses in various ways. The scenario of the retail industry is continuously evolving and changing due to the covid-19 outbreak. The future of retail is quite exuberant as it gives consumers the option to shop in some of the most exciting ways. Progress is already in the making due to technology and innovation through Artificial Intelligence, Big Data, Data Analysis, etc.

Alexey Ivasyuk, CEO & CTO According to the Food and Agriculture Organization of the United Nations, more than 30 per cent of all food produced globally is never eaten. The value of this wasted resource is worth over a trillion dollars. The causes of the aforementioned food wastage are numerous and occur at various stages of the supply chain--handling and storage, to name a few--but primarily due to absence in coordination among suppliers, retailers, and buyers. Also, ineffective food demand forecasts are one of the major causes of food waste even before you buy it in a store. "An efficient supply chain between suppliers and buyers, not only reduces food waste but also increases cash flow," says Alexey Ivasyuk, CEO and CTO of MySales Labs, while addressing the inadequacies of collaborations among various dealers, merchants, and sellers.