Boston – In a retail landscape increasingly rocked by online and hard discount formats, traditional players find themselves looking for answers. The third annual Oliver Wyman Retail Journal, published today, provides perspectives on how retailers can win in an increasingly tough environment.
E-commerce is continuing to transform the industry, rendering tried and tested business models obsolete. The articles in Volume 3 of the Retail Journal focus on the importance of e-commerce, examining long-term strategy for retailers, while also offering immediate, practical advice that is extremely thought provoking.
“In the past year our Partners have been privileged to have hundreds of conversations with top retail executives around the world. We write about what is on their minds, and our Retail Journal reflects the challenges and opportunities that key decision makers in the industry are facing, including long-term strategic issues to pragmatic, short-term opportunities,” said Oliver Wyman partner and North American retail practice co-leader Joel Rampoldt.
Through Oliver Wyman’s work with retailers globally, strategies have been developed to drive companies rapidly up the “capability staircase.” Those learning led to articles in this journal addressing how to achieve like-for-like growth in stagnant and competitive markets, the threat and the promise of on-line retailing, and the powerful ways of dealing with low-price competition. Perspectives are also provided on such evergreen topics as margin management, reducing waste and driving down costs.
Additionally, Oliver Wyman introduced an infographic related to the Retail Journal that provides a snapshot of how specifically the grocery industry has already survived several waves of disruption from strong competition. It visually displays how developments in 2014 have given Oliver Wyman a window into the next waves of disruption that are going to drive shifts in the industry in 2015, providing practical insight into how grocery retailers can respond in order to thrive.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across 25 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.
Source: Oliver Wyman
