The business environment is changing. We are facing a global slowdown, volatility in commodity prices and increasing competition from both developed and emerging economies. There is also nervousness around interest rates, which is causing a sharp decline in consumer confidence.
This has created an extremely challenging climate for retail and consumer goods companies. There are the immediate concerns of growing competitive pressures, an increase in the number of alternative sales channels, a blurring of roles between suppliers and retailers, and a shift in the balance of power to retailers.
Companies must rethink their earnings strategies and look to new efficiencies to drive bottom line growth. Maintenance of margins through balancing costs and pricing will remain a challenge in this ever-competitive industry.
Retail & Consumer Outlook
Retail and Consumer Outlook Australia - 2008 new choices, examines 10 key areas and provides an ‘outlook’ on the new choices available in each area, along with practical ‘take action’ suggestions for retail and consumer goods companies. In addition, leading industry players offer their valuable perspectives in ‘The way I see it’.
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