Rising resource costs, social expectation, increasingly complex supply chains and radically changing regulatory frameworks are combining to create a challenging new landscape for global retailers. When these emerging issues are added to the current economic backdrop and fiercely competitive markets, it looks to be a testing time for the retail sector.
However it is not all bad news for retailers as over the next two decades the number of consumers is expected to expand by over three billion globally. The challenge therefore becomes how retailers respond to this opportunity, innovating and meeting demand more efficiently while minimizing social and environmental impact. Those that respond and strike this balance will succeed in the sustainable retail revolution – those that do not respond run the risk of falling behind.
In competitive global markets, successful retailers are embracing sustainability at the core of their operations and through the ways they engage with their workforce, suppliers, consumers and wider communities. They understand that financial reporting alone is no longer sufficient to tell the full story of a company’s health, and that stakeholders demand transparency throughout the supply chain, expecting retailers to take full responsibility for the supply-chain’s social and environmental impact.
This is a challenging time, but these challenges also bring opportunities for leaders to differentiate themselves, by embracing a more sustainable business model to drive growth and reduce costs and risk.
We can help you meet these challenges and optimise the opportunities, delivering competitive advantage across the value chain and elevating and protecting your brand. Operational efficiency - maximising business resilience, minimising risk, and achieving sustainable profitability and performance in an extremely competitive market - has become key. With Ricardo Energy & Environment’s environmental and business experts to hand, we help you to: