Retailers Tackle Excess Inventory with Supply Chain Overhauls
In 2022, the retail industry faced multiple challenges, including supply chain disruptions and slowing consumer demand. Companies actively responded by clearing inventory, advancing automation, and diversifying supply chains. Digital transformation and mergers & acquisitions also emerged as key strategies for enhancing competitiveness. The retail sector is undergoing profound changes to adapt to an uncertain future. These efforts aim to build resilience and agility in the face of ongoing economic and logistical pressures, ensuring long-term sustainability and improved customer experiences.
