Whether it’s at the register or on a browser, network disruptions are expensive for businesses. According to a survey, 98 percent of businesses with more than 1,000 employees lost more than $100,000 every hour of downtime. Larger businesses reported that the same amount of time costs them $1 million or more.
Because 81 percent of shops experience downtime at least once a year, procedures must be put in place ahead of time to help avoid downtime. Retailers should attempt to reduce downtime periods and avoid the unfavorable short- and long-term consequences by planning and thoroughly evaluating the available solutions.
Please read the resource below for more information on the dangers of retail downtime as well as potential remedies.