Rethink the new realities of retail
What lies ahead for the future of the retail industry?
The retail industry has been dealing with a number of challenges the last few years: increased complexity in the supply chain, more demand for online and omnichannel shopping experiences, shortage of qualified talent and rapidly changing customer preferences to name a few. All these scenarios were intensified by the pandemic, forcing some retailers out of business and leaving others actively rethinking the best way to move forward efficiently and responsibly. Through it all there remains one constant: Retailers cannot afford to be this unprepared again.
Some reinvention will be necessary immediately to show customers and employees that retailers really understand and appreciate their wants and needs. We have a three-phase plan (Respond, Reset, Renew) to help you organise your rethink journey but the ultimate procedure is to constantly renew your organisation so you can be prepared for the next disruption, whenever it may occur.
We have lots of ideas on where and how to prioritise next steps. So, take a breath or two, then focus on how to rethink and prepare for the future. We have plenty of experience in the retail industry to draw upon. Here’s what one of our clients said about us:
"It was important for us to update our systems, and we needed a partner who understood and could handle the extent of our digital transformation. For us, it was a learning experience at all levels of the company to grow and find out what it really meant to be process-oriented."
The future is just that: the future and it’s a scary one for many retailers. But recent months have proven we can all learn and adapt fast if we are willing to break with convention. There are ways to ensure that your retail company will be more resilient and sure-footed. Let us help you find out what works best for you.
Avanade is a joint venture between Microsoft and Accenture. Our combined industry, strategic and technical expertise means we understand the unique complexities of the retail market.
We can help you create an intelligent retail experience. We can deliver innovations such as advanced store replenishment, master data synchronisation, assisted selling, next-generation retail management infrastructure, digital marketing, intelligent revenue growth, predictive analytics, and multichannel service and fulfillment.
Our retail expertise is extensive:
Find out how you can deliver a connected retail experience for your customers.