Disruption is not new to retail. But the COVID-19 pandemic has added multiple layers of complexity and risk. Consumers are under stay-at-home orders. Discretionary spending has dried up.
GEP’s latest bulletin, Therapy for Retail: An Eight-Point Plan to Beat the Slowdown, offers a way forward: Plan for short-term economic disruption and prepare for recovery with sustainable cost-reduction and supply continuity strategies — while staying engaged with customers.
- How procurement can work with suppliers to deliver savings
- Why Budget-to-Pay is an effective cost-saving solution
- Reactions to avoid during this crisis
It’s a must-read for forward-looking business leaders who want to boost cash flows and ready their companies to manage disruptions in the future.