Emerging technologies and IT integration in businesses have been taking place for at least a decade now but the growth in the adoption has never been this accelerated. There were still many companies in the region that were still procrastinating about their digital transformation plans, but come Covid-19, there was no choice but to hail the digitization ride.
According to a new McKinsey Global Survey of executives, their companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years. And the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.
Digital technologies were not just required to keep businesses running but also to ensure the safety of their staff and customers. Consumer-facing applications such as grocery and food delivery services, business-to-business e-commerce applications, and videoconferencing software that seem to have penetrated the consumer, business, and not-for-profit worlds became the norm. Searches for terms such as “contactless” increased 7x between November and late April, while the stocks of technology companies aligned with new-found customer health and safety concerns have skyrocketed.
When Covid-19 hit, most businesses were unprepared. Only those who had built a strong digital foundation were able to pivot and address the new challenges, keep their staff employed and deliver vital services for the community. Retail chain aswaaq was one of those.
“The technological investments we put in place over the years paid off during the pandemic,” says Affan Al Khoori, Deputy CEO at aswaaq Group.
A clear vision, tech-enabled ecosystem, and driven human resources proved to key in aswaaq’s crisis journey showcasing resilience and agility.
“Innovation and Digital transformation” wasn’t a buzzword when aswaaq started its technology journey in 2007, or when they realigned the focus to sync with the UAE national innovation strategy in 2015.
“Having already invested in technology that supports business continuity was one of the game changers for us,” says Manoj Vijayan, Director Innovation & Technology at aswaaq Group.
“When the pandemic hit, our investments gave us a clear advantage. We were already using the LS Retail unified commerce platform, alongside modern collaboration technology currently in trend, as the backbone of our operations, and we could easily scale up and adapt with a minimal learning curve for our users, and zero impact on the business”, he added.
Since aswaaq has been supporting remote work since 2013, it could move its entire workforce to work from home within days when needed, as they already had all the practice and technology in place.
In April 2020, when consumers massively moved online, aswaaq already had the real-time, enterprise-wide visibility needed to support the new demands thanks to previous investments in e-commerce and unified commerce. The company quickly scaled up online operations, fulfilled all orders, maximized online availability, and even expanded its services to home delivery and phone orders.
Contactless technology is now a must-have. The company’s loyalty app has enabled customers to shop in-store fast and contactless, using their own mobile device since 2014, accelerating its development in 2016. “At the time, it was such a new concept that it was hard to get customers to use it,” said Al Khoori.
“The pandemic has been a wake-up call for many retailers. They now fully understand the value of investing in leading-edge technology,” says Waddah Laham, Vice President at software provider LS Retail. “Before Covid-19, we often had to convince businesses of the value of having a unified platform with functionality like e-commerce, contactless shopping, and data analytics. Today, everyone’s ready to follow the lead of innovators like aswaaq.”
“The right technology is a significant advantage, but only if it’s in the hands of employees who care for one another and for the company’s mission,” he said.
When online orders surged, all aswaaq staff joined forces to ensure that customers would be served promptly and safely. Employees from the real estate branches and shared service functions volunteered to man the hotline for elderly customers, even doing the order picking and home delivery in person.
“We wouldn’t be here without our staff’s utter dedication,” says Al Khoori.
A focus on leadership, innovation, speed, and teamwork has proved to be a winning strategy. “Be ready for the worst, and prepare from today, so you won’t be vulnerable when the unexpected hits,” he said.
“Technology that keeps your business going through disruption should not be considered a ‘nice to have’–it’s a necessity.”
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
The jewellery making industry has been under tremendous scrutiny over the yearsFebruary 11, 2021 | By Shruthi Nair
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Homegrown, organic and plant milk company, Koita has announced its expansion into
Majid Al Futtaim’s financial results revealed that in 2020, the Carrefour business
UAE-based Majid Al Futtaim today announced its audited operational and financial results
Words by Tad Tilahun, Visa’s Senior Vice-President, head of Products & Solutions
Carrefour has announced that it is expanding its robotic fleet, adding 11
Words by Fadi Moukaddem, SVP & Chief Financial Officer, Visa CEMEA With
As the COVID-19 pandemic swept the world in early 2020, sector after
Consumers in the GCC are among the world’s most optimistic when considering
Marking the 200th hypermarket opening in Cairo, Egypt, LuLu is celebrating the
Data presented by Fraîcheur Paris indicates that beauty products accounted for 22% of the
While the MENA region’s e-commerce sector was witnessing significant growth of 15-20%
Insights by Mark Thomson, EMEA Director of Retail & Hospitality Solutions at
British fast-fashion retailer Primark says it has no plans to sell its