Final answer:
Kendra is witnessing an example of industry disruption due to disruptive technology in the form of new grocery delivery services affecting her local grocery store. These technologies can rapidly shift market dynamics and force traditional businesses to adapt or face decline.
Step-by-step explanation:
Kendra has noticed fewer people are coming into her local grocery store due to the introduction of new grocery delivery services. This is an example of industry disruption caused by disruptive technology. Disruptive technology, like the grocery delivery services in Kendra's town, can have a significant impact on traditional business models, often leading to a shift in the way industries operate and creating challenges for existing players.
Industry disruptions can take many forms, with new technologies facilitating changes that can either create new markets or decimate existing ones. For instance, the rise of digital photography led to the rapid decline of film-based camera companies, and the introduction of ride-sharing services has had a massive impact on traditional taxi and limousine industries. The same type of disruption is affecting Kendra's grocery store; as more consumers opt for the convenience of online grocery shopping and delivery, brick-and-mortar stores may see a decline in foot traffic.
The pervasive influence of globalization and technology improvements has increased competition for local businesses. In today's interconnected world, businesses are not only competing with local retailers but also with global online marketplaces. This wider scope of competition requires traditional businesses like Kendra's grocery store to adapt to the rapidly changing market dynamics to remain competitive.