Retail is facing a complex market environment right now with costs rising, more channels to manage and a consumer who a year ago was flush with stimulus money, but now is dialling down spending in the face of rising inflation.
What can retailers do to get ahead of market conditions - and position themselves to triumph?
Today I’m speaking with Carl Boutet, Founder, Chief Strategist & Executive Advisor at Studio Rx where he advises senior retailer leaders and brands on how to build better business strategies that leverage their combined choices of technology, analytics & design.
His master recipe for success = Measure > Analyse > Predict > Prescribe
In this episode of A Seat at The Table, Carl talks about:
1. Why retailers need to shift their focus from managing cash flows to now putting more emphasis on resource allocation.
2. How to leverage the power of physical stores in everything from customer acquisition to community building.
3. The value of integrating upstream and downstream data to have better clarity on inventories and better product information to provide to customers.
Connect with Carl Boutet: https://www.linkedin.com/in/carlboutet/
Studio Rx website: www.studiorx.world
Learn about The Current Situation in Sourcing: https://thecurrentsituation.net
A Seat at The Table website: https://seat.fm
Visit A Seat at The Table's website at https://seat.fm