Publication | BRG Retail
Operating Profits Will Feel the Squeeze of Indirect Costs
Keith Jelinek, Rick Maicki, and Darren Morrison
Retailers and consumer product goods manufacturers are dealing with challenges not seen for a generation and face a renewed need to focus on managing risks and costs.
The COVID pandemic has disrupted work patterns around the world, requiring changes and adaptations to protect workers—changes that reduced previous levels of production and supply chain efficiency that were the norm before the pandemic. In today’s hyper-dynamic business environment, companies must adapt their business models to changing consumer behavior and its impact on their customers. Supply chain challenges and rising costs across business operations demand a new approach to inventory and a fundamental reset in the approach to managing costs.