Post by account_disabled on Dec 26, 2023 7:16:22 GMT
The retail world has changed overnight. If we look back at the end of March Flights from foreign countries have been suspended from entering Thailand. Department stores, offices and schools are closed. or change the format to a virtual system An epidemic that continues to expand Starting to seriously affect various businesses within one week The retail industry is divided into two parts: “Necessary parts” and “Unnecessary parts” For essential stores (such as grocery stores, supermarkets, pharmacies), it appears that every day is like a day of huge sales.
This is because consumers C Level Executive List flocked to buy disinfectant, food, and face masks until the products were in short supply. This led to a huge effort to source products and the implementation of an inventory replenishment system for top-selling products. Many retailers have adjusted their staffing plans to ensure smooth store operations. It also greatly accelerates the delivery of products. The opposite is true for stores classified as non-essential (such as clothing, home decorating and department stores). Stores in this group must be closed. and trying hard to conserve cash. The impact is a drop in revenue even though stores Will try to quickly add channels to sell products online.
The retail world has changed overnight – Retail Crisis Amidst a wave of violence that hit the global retail industry unexpectedly. Many organizations are starting to look forward to how this situation will play out. IBM's Consumer Center of Competence has conducted a study and recommendations for how retailers can do business. Understand customer feelings Take responsibility for their employees and support partners as much as possible as follows: Think about the challenges you face. This crisis is unfolding in three phases: Moving forward through disruption — for both essential and non-essential retailers The main focus is on maintaining business continuity. Defining a new way of working and communication with everyone Turning an unusual situation into normal (next 3 to 6 months) — for retailers This is the time to adjust our technology platforms to make the most of these unusual demand patterns.
This is because consumers C Level Executive List flocked to buy disinfectant, food, and face masks until the products were in short supply. This led to a huge effort to source products and the implementation of an inventory replenishment system for top-selling products. Many retailers have adjusted their staffing plans to ensure smooth store operations. It also greatly accelerates the delivery of products. The opposite is true for stores classified as non-essential (such as clothing, home decorating and department stores). Stores in this group must be closed. and trying hard to conserve cash. The impact is a drop in revenue even though stores Will try to quickly add channels to sell products online.
The retail world has changed overnight – Retail Crisis Amidst a wave of violence that hit the global retail industry unexpectedly. Many organizations are starting to look forward to how this situation will play out. IBM's Consumer Center of Competence has conducted a study and recommendations for how retailers can do business. Understand customer feelings Take responsibility for their employees and support partners as much as possible as follows: Think about the challenges you face. This crisis is unfolding in three phases: Moving forward through disruption — for both essential and non-essential retailers The main focus is on maintaining business continuity. Defining a new way of working and communication with everyone Turning an unusual situation into normal (next 3 to 6 months) — for retailers This is the time to adjust our technology platforms to make the most of these unusual demand patterns.