Over the past decade, we’ve seen the retail sector evolve and adapt in response to the mounting pressure it’s faced as consumer shopping habits have changed. COVID-19 has since introduced an unprecedented new dynamic into an already difficult environment.
These factors provide multiple challenges for retailers including survival over the coming months. Restructuring in some form or other may be inevitable whether that is restructuring people, finances, supply chain or property. Agility and flexibility in reshaping retail operations to meet the new operating context will require innovative thinking and strong leadership.
Take a look at insights from our experts below.