Retail

The retail business is facing substantial challenges in the near future. Demographic changes, saturated markets and an unsteady consumer climate are forcing companies to innovate and constantly adjust their business models. At the same time, they are called upon to get to know their customers more closely than ever before. While the price used to act as one of the central factors when deciding on a purchase in the past, today’s retail business sees criteria like quality, environmental friendliness, and the origin of products taking centre stage.

This is the background for the many challenges faced by today’s retail industry. Apart from the continuing question of cost reductions, the focus has shifted to matters like supply chain management or increasing the efficiency in distribution. This is complicated further by the questions posed by a growing market, like globalization and brand management. All of these different issues are creating unprecedented challenges for companies and their leading managers.

The sourcing of top talents and specialists has thus become the key challenge in the retail industry.

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