Today, many Retailers face a situation where increasing competition, ongoing digital innovation, and high consolidation costs must be addressed while dealing with tighter margins. In addition, these major shifts have been exacerbated by the global pandemic – placing more reliance on e-commerce as a channel and negatively affecting supply chain costs.
In such an environment, legacy technology and information systems have created a negative gravitational pull that hinders progress for those still reliant on them. With the swift and significant change in industry standards, leaders must transform their business in the right areas if they are to realize cost reduction and sustain long-term success.
At TPG, we are continuously tracking emerging industry trends and their potential impact on our clients to remain prepared for change. Most recently, we are tracking: