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Manila Bulletin

Trade & Energy

Innovation at the forefront for retailers

Trade & Energy

Innovation at the forefront for retailers

By Khriscielle Yalao

Innovation is at the forefront for retailers and the private sector at the 29th National Retail Conference and Expo (NRCE) 2023 as the local retail business landscape adopts to evolving technological needs.

The 29th NRCE, held from Aug. 10 to 11 at the SMX Convention Center, is themed "Retail Breakthrough," focusing on the exploration of new industry insights and strategies, along with the exhibition of new technologies.

"This year's theme was chosen to reflect this pivotal moment, and the need for retailers to continue embracing the fourth coming wave of discovery to innovate, transform, and to propel the industry forward," said Sam Gregory Lim, chief operating officer of Blims Lifestyle Group and the chairman of this year's NRCE conference.

Expo at the 29th NRCE 2023 on Aug. 10, 2023 at the SMX Convention Center (Photo from Khriscielle Yalao / MANILA BULLETIN)

As the retail industry resurges from the pandemic, retailers have focused on the "reboot of retail" or determining ways to return to the path of growth, he remarked.

Moving forward, Lim stressed the need for continous transformation by gathering all stakeholders to discuss breakthroughs in retail strategy, marketing, organizational development, technology, and the legal ecosystem.

"We aim to inspire retailers to explore fresh perspectives and adopt forward thinking approaches to remain competitive and thrive in this ever evolving market," said Lim.

Expo at the 29th NRCE 2023 on Aug. 10, 2023 at the SMX Convention Center (Photo from Khriscielle Yalao / MANILA BULLETIN)

The exhibition provides an opportunity for businesses to discover and adopt the latest rebuilding tools, services and technology.

The expo features presentations and demonstrations from the country's retail suppliers in the sectors of detail solutions, ecommerce, mobile payments, financial technology (FinTech), storage design, and advertising.

More than 80 exhibitors from various companies offered specialty services to retailers including equipment, softwares, public relations, sustainability components, and online payment platforms.

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