Episode 068 | Overcoming Challenges and Embracing Opportunity for the Retail & Consumer Industry Artwork

The Wrap

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The Wrap

Episode 068 | Overcoming Challenges and Embracing Opportunity for the Retail & Consumer Industry

December 20, 2023 • Warren Averett • Episode 68

The past few years have not been easy for the retail and consumer industry with pandemic shortages and restrictions, rising inflation and a changing workforce. However, the landscape is actually starting to look up again, with profit margins creeping back to pre-pandemic levels and opportunities in technology, hiring and business strategies on the horizon.

In this episode of The Wrap, our hosts are joined by Warren Averett’s Retail & Consumer Industry Group leader Branden Crosby, CPA, CGMA, and Charles Bailey, CPA, to discuss the current state of the industry and what business leaders can do to plan for future success.

In this episode, you’ll hear:

Specifics about how inflation is directly affecting prices
About the changing retail workforce and why it’s getting older
How technology such as AI can help restaurant owners monitor the flow of customers and make their business models more efficient
Information about beneficial ownership reporting and how it will affect most business beginning January 1, 2024
The definition of a beneficial owner

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