Retail resilience: how to cope when demand and supply are in flux
Update: 2022-12-18
Description
Inflation is rising, with the war in Ukraine pushing up the cost of oil, food and gas. To make ends meet, manufacturers and other suppliers are passing on their increased overheads to retailers.
At the same time, consumers are changing their behaviour to cope with the cost of inflation, while employees demand higher wages or even leave the retail sector altogether to follow other career paths. This leaves retailers finding themselves held to ransom by both consumers and suppliers.
To examine these issues, Retail Systems was joined by Lauren Brenig-Jones, VP Product Strategy & Marketing at supply chain and retail planning platform Relex.
The podcast covered how the retail sector can leverage digital solutions, which can help them predict consumer behaviour, manage spikes in demand, as well as manage labour shortages and stay resilient in an increasingly uncertain world.
At the same time, consumers are changing their behaviour to cope with the cost of inflation, while employees demand higher wages or even leave the retail sector altogether to follow other career paths. This leaves retailers finding themselves held to ransom by both consumers and suppliers.
To examine these issues, Retail Systems was joined by Lauren Brenig-Jones, VP Product Strategy & Marketing at supply chain and retail planning platform Relex.
The podcast covered how the retail sector can leverage digital solutions, which can help them predict consumer behaviour, manage spikes in demand, as well as manage labour shortages and stay resilient in an increasingly uncertain world.
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