In the business world, change is constant
It was not long ago, when Dr. Nouriel Roubini (or infamously called “Dr. Doom” for having predicted the 2008 financial crisis back in 2006) was speaking of a necessitated market correction and was calling for the repricing of riskier assets; predicting a continuation of a global financial slowdown or even a global recession starting in 2020. What that prediction did not take into account, was the unforeseen outbreak of Covid19 and the increased volatility this has brought to global financial markets.
The BearingPoint Supply Chain Vulnerability Framework enables organisations to identify risks and opportunities within their supply chains on the premise that being forewarned is being forearmed, and therefore actions can be taken. We have taken our framework and flipped it on its head – the risks are now issues. This insight outlines the opportunity to pragmatically and constructively respond to the key issues in a considered manner, while mitigating further risk which could be created by focusing only on the immediate challenges.
The retail industry is under constant change. New trends and technology continue to disrupt the industry, and retailers are fighting to remain competitive and maintain – and grow - their market share. In recent years, the industry has been significantly impacted by online retail and digital only brands, however, are we starting to see the resurgence of bricks and mortar and a re-defined store format as a critical part of an extended customer journey?