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.