Unprecedented technological advances driven by an empowered consumer continues to shake the foundation of today’s retail business model. This massive change is forcing retail industry CEOs to reevaluate their entire enterprise and evolve their business models to drive top- and bottom-line growth.
At the inflection point of retail’s evolution, how are visionary CEOs from around the world preparing to manage and grow their enterprises in an increasingly complex omni-channel world? To better understand their viewpoints, JDA Software, a supply chain and retail solutions provider, recently commissioned PwC and Forbes to conduct a global retail CEO survey.
The resulting report by Forbes Insights: Retail’s new imperative: supply chain optimisation as a growth strategy, revealed that supply chain has become a mission-critical area for these CEOs to get ahead of market disruptions, adapt to the changing retail environment and establish a new foundation for growth.
Highlights from the report include:
- Top risks that keep CEOs awake at night: increasing competitive threats, margin erosion and cost reduction, and attracting and retaining customers
- CEOs’ top priorities for growth are centred on traditional methods: expansion into new markets, opening more stores and through mergers and acquisitions
- With the rise of omni-channel, supply chain has become a mission critical area for CEOs
To download the full report, click on the PDF attachment.
For more information, visit JDA Software.