Succeeding in turbulent times — Retail 

As the retail industry is directly affected by consumer behavior, it is suffering just as much as the consumer. Lack of credit, rising unemployment, lower disposable income, significant declines in home value and investment portfolios — all influence consumer confidence and place a pressure on the consumer’s wallet and ultimately retail spending.

This situation is not good news for retailers; but many can put themselves in good stead by looking at their levels of cash and debt, and determining ways of boosting cashflow while reducing borrowing. The growing complexity of supply chains also means that many organizations may be failing to make the most of the cost optimization opportunities that are within their grasp. It will be worth looking closely at the full depth and breadth of the supply chain, and working with suppliers and customers to identify and drive through improvements to the cost base.

 

In any economic environment, however, there are opportunities and risks. Those prepared to make the most of the opportunities and mitigate the risks should be well placed to navigate their way through even the toughest of climates.

 

This page highlights resources of relevance to the retail industry in the current economic climate. See our retail page to find out more about our firms’ relevant capabilities and experience.

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Product Sourcing in Asia Pacific
Measuring Up: Improving Sustainability in Consumer Markets
Luxury experiences in China
CFO Insights: A global survey of Consumer Markets executives
Confronting complexity report
Sustainability
Strategy
Webcast
Model
Shopping trolley
Surveys point to recovery US
Luxury business responding to the crisis
Global retail loss prevention survey 2009
Audio

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Succeeding in turbulent times

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See our dedicated Succeeding in turbulent times site to find out more about this issue.